The Goldman Sachs Group (NYSE:GS) Given New $600.00 Price Target at JMP Securities

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price target reduced by stock analysts at JMP Securities from $625.00 to $600.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "market outperform" rating on the investment management company's stock. JMP Securities' price target indicates a potential upside of 21.31% from the company's previous close.

GS has been the topic of a number of other reports. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. UBS Group boosted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $586.00.

The Goldman Sachs Group Stock Up 1.0 %

Shares of The Goldman Sachs Group stock traded up $4.81 on Tuesday, hitting $494.61. The company had a trading volume of 3,760,554 shares, compared to its average volume of 2,396,433. The Goldman Sachs Group has a twelve month low of $387.12 and a twelve month high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50-day moving average of $576.46 and a 200-day moving average of $572.40. The firm has a market capitalization of $154.34 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company's revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the business posted $5.48 EPS. Research analysts predict that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin R. Johnson purchased 2,400 shares of the business's stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in GS. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at about $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Godsey & Gibb Inc. lifted its stake in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. 71.21% of the stock is currently owned by institutional investors.

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.