Brokerages Set The Goldman Sachs Group, Inc. (NYSE:GS) Target Price at $591.06

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty brokerages that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $591.06.

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. JMP Securities upped their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 9th. UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Finally, Evercore ISI upped their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,865 shares of company stock worth $25,286,862. 0.54% of the stock is owned by insiders.

Institutional Trading of The Goldman Sachs Group

Hedge funds have recently bought and sold shares of the stock. Mizuho Securities USA LLC boosted its position in shares of The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company's stock valued at $2,991,772,000 after purchasing an additional 161,133 shares in the last quarter. FMR LLC increased its holdings in shares of The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock worth $1,435,144,000 after purchasing an additional 521,054 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in The Goldman Sachs Group by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company's stock valued at $845,466,000 after buying an additional 18,541 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company's stock valued at $898,428,000 after buying an additional 62,246 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE GS traded up $8.39 during trading hours on Thursday, hitting $645.77. The company had a trading volume of 1,807,096 shares, compared to its average volume of 2,695,166. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $202.71 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group has a 52 week low of $375.20 and a 52 week high of $649.52. The firm has a 50 day simple moving average of $594.34 and a 200 day simple moving average of $539.40.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.48 EPS. Equities research analysts expect that The Goldman Sachs Group will post 46.81 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.86%. The Goldman Sachs Group's payout ratio is currently 29.59%.

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.