The Goldman Sachs Group (NYSE:GS) Price Target Raised to $775.00

by · The Cerbat Gem

The Goldman Sachs Group (NYSE:GSFree Report) had its price target lifted by JPMorgan Chase & Co. from $750.00 to $775.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the investment management company’s stock.

Other equities analysts have also issued research reports about the stock. BNP Paribas Exane raised their price objective on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Dbs Bank raised their target price on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $855.00 to $970.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $870.00 to $971.00 and gave the company a “market perform” rating in a research note on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $849.61.

View Our Latest Stock Report on GS

The Goldman Sachs Group Stock Up 0.5%

Shares of The Goldman Sachs Group stock opened at $939.04 on Thursday. The Goldman Sachs Group has a 12-month low of $439.38 and a 12-month high of $961.69. The firm has a market capitalization of $281.65 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The stock’s fifty day moving average is $852.31 and its 200-day moving average is $784.01.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter last year, the business posted $8.40 EPS. The Goldman Sachs Group’s revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were given a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. MBB Public Markets I LLC bought a new stake in The Goldman Sachs Group during the first quarter worth approximately $307,000. Woodline Partners LP grew its holdings in The Goldman Sachs Group by 39.8% during the first quarter. Woodline Partners LP now owns 26,363 shares of the investment management company’s stock valued at $14,402,000 after purchasing an additional 7,511 shares during the last quarter. Finally, Advisory Alpha LLC raised its position in shares of The Goldman Sachs Group by 4.7% in the first quarter. Advisory Alpha LLC now owns 512 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

About The Goldman Sachs Group

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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