The Goldman Sachs Group (NYSE:GS) PT Raised to $570.00

The Goldman Sachs Group (NYSE:GS) had its price target hoisted by research analysts at Keefe, Bruyette & Woods from $555.00 to $570.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 7.76% from the stock’s current price.

A number of other analysts have also weighed in on GS. Citigroup upped their target price on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Oppenheimer raised their target price on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group raised their price target on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Evercore ISI lifted their price objective on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $524.69.

The Goldman Sachs Group Stock Down 0.2 %

Shares of GS opened at $528.97 on Wednesday. The firm has a market cap of $170.57 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group has a 12-month low of $289.36 and a 12-month high of $540.51. The company’s 50-day moving average price is $497.39 and its 200 day moving average price is $468.25. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.47 EPS. On average, sell-side analysts forecast that The Goldman Sachs Group will post 35.52 earnings per share for the current year.

Hedge Funds Weigh In On The Goldman Sachs Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Waldron Private Wealth LLC lifted its position in The Goldman Sachs Group by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock worth $1,085,000 after acquiring an additional 20 shares in the last quarter. First Pacific Financial lifted its position in The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after acquiring an additional 20 shares in the last quarter. M3 Advisory Group LLC lifted its position in The Goldman Sachs Group by 3.9% during the 3rd quarter. M3 Advisory Group LLC now owns 564 shares of the investment management company’s stock worth $279,000 after acquiring an additional 21 shares in the last quarter. Fulton Bank N.A. lifted its position in The Goldman Sachs Group by 0.8% during the 2nd quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company’s stock worth $1,233,000 after acquiring an additional 22 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its position in The Goldman Sachs Group by 1.1% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 1,975 shares of the investment management company’s stock worth $893,000 after acquiring an additional 22 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.