UBS Group Issues Positive Forecast for The Goldman Sachs Group (NYSE:GS) Stock Price

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price target upped by stock analysts at UBS Group from $610.00 to $640.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the investment management company's stock. UBS Group's target price points to a potential upside of 0.83% from the stock's previous close.

Several other research firms also recently commented on GS. Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. HSBC downgraded The Goldman Sachs Group from a "buy" rating to a "hold" rating and lifted their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Moderate Buy" and a consensus target price of $591.06.

The Goldman Sachs Group Trading Up 1.4 %

GS traded up $8.80 during trading on Tuesday, hitting $634.74. 5,070,681 shares of the stock were exchanged, compared to its average volume of 2,765,362. The Goldman Sachs Group has a 1 year low of $374.24 and a 1 year high of $635.43. The firm has a market cap of $199.25 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.90 and a beta of 1.38. The firm has a 50 day simple moving average of $587.71 and a 200 day simple moving average of $531.85. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group's revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $5.48 earnings per share. As a group, equities analysts expect that The Goldman Sachs Group will post 45.32 EPS for the current year.

Insider Activity at The Goldman Sachs Group

In other news, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,940 shares of company stock worth $12,656,179. Company insiders own 0.57% of the company's stock.

Institutional Trading of The Goldman Sachs Group

Several hedge funds have recently added to or reduced their stakes in the company. Procyon Advisors LLC grew its position in shares of The Goldman Sachs Group by 5.5% in the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company's stock valued at $411,000 after buying an additional 43 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of The Goldman Sachs Group by 19.9% during the third quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company's stock worth $2,268,000 after purchasing an additional 761 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth about $5,529,000. Franklin Street Advisors Inc. NC boosted its position in shares of The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock valued at $21,934,000 after purchasing an additional 2,863 shares during the period. Finally, Nordea Investment Management AB increased its position in The Goldman Sachs Group by 30.3% during the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company's stock worth $122,453,000 after buying an additional 49,710 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

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.