The Goldman Sachs Group (NYSE:GS) Price Target Increased to $425.00 by Analysts at Citigroup

The Goldman Sachs Group (NYSE:GS) had its target price boosted by Citigroup from $410.00 to $425.00 in a research report released on Tuesday, Benzinga reports. Citigroup currently has a neutral rating on the investment management company’s stock.

A number of other equities research analysts also recently commented on the company. UBS Group raised their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a buy rating in a report on Tuesday, January 9th. Oppenheimer raised their target price on The Goldman Sachs Group from $446.00 to $479.00 and gave the company an outperform rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an overweight rating in a report on Tuesday. Barclays lifted their price target on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an overweight rating in a research note on Tuesday, January 2nd. Finally, Argus raised The Goldman Sachs Group from a hold rating to a buy rating and set a $465.00 price target for the company in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of Moderate Buy and an average price target of $434.93.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $403.11 on Tuesday. The Goldman Sachs Group has a one year low of $289.36 and a one year high of $419.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The business has a fifty day moving average of $396.03 and a two-hundred day moving average of $365.61. The company has a market cap of $130.82 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter last year, the company earned $8.79 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, analysts predict that The Goldman Sachs Group will post 32.76 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Kathryn H. Ruemmler sold 7,277 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the completion of the sale, the insider now owns 6,501 shares in the company, valued at approximately $2,469,144.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. Insiders sold 35,907 shares of company stock worth $13,950,851 in the last 90 days. 0.54% of the stock is owned by company insiders.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently modified their holdings of the company. Powell Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 0.7% in the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after purchasing an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 1.1% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock valued at $944,000 after purchasing an additional 25 shares during the period. Optas LLC boosted its position in shares of The Goldman Sachs Group by 2.4% in the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock valued at $448,000 after purchasing an additional 25 shares during the period. WNY Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 1.6% in the 4th quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock valued at $628,000 after purchasing an additional 26 shares during the period. Finally, Albert D Mason Inc. boosted its position in shares of The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

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.