The Goldman Sachs Group (NYSE:GS) Price Target Raised to $433.00 at JPMorgan Chase & Co.

The Goldman Sachs Group (NYSE:GS) had its price target raised by investment analysts at JPMorgan Chase & Co. from $424.00 to $433.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 8.09% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Barclays raised their price target on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Bank of America lifted their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

The Goldman Sachs Group Price Performance

Shares of GS traded down $0.28 during mid-day trading on Tuesday, reaching $400.60. The company had a trading volume of 736,857 shares, compared to its average volume of 2,297,271. The company’s 50 day simple moving average is $395.09 and its 200 day simple moving average is $364.56. The Goldman Sachs Group has a 1-year low of $289.36 and a 1-year high of $419.20. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $130.01 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.51 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 16th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business earned $8.79 EPS. Analysts expect that The Goldman Sachs Group will post 32.76 EPS for the current year.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the sale, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,907 shares of company stock valued at $15,080,021. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GS. Trueblood Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $989,000. TBH Global Asset Management LLC grew its position in shares of The Goldman Sachs Group by 2.0% during the 3rd quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock worth $1,190,000 after buying an additional 72 shares in the last quarter. Congress Wealth Management LLC DE grew its position in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after buying an additional 650,918 shares in the last quarter. Syon Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $1,395,000. Finally, Crestwood Advisors Group LLC lifted its stake in shares of The Goldman Sachs Group by 5.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 11,541 shares of the investment management company’s stock worth $4,452,000 after purchasing an additional 617 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

About The Goldman Sachs Group

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.