The Goldman Sachs Group (NYSE:GS) Price Target Lowered to $680.00 at Wells Fargo & Company

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price target reduced by Wells Fargo & Company from $720.00 to $680.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the investment management company's stock. Wells Fargo & Company's price target indicates a potential upside of 24.37% from the stock's current price.

Several other brokerages have also commented on GS. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. UBS Group lifted their price target on shares of 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. Morgan Stanley dropped their price objective on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $590.60.

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The Goldman Sachs Group Stock Performance

GS traded up $3.63 on Friday, reaching $546.75. The company had a trading volume of 2,453,466 shares, compared to its average volume of 2,280,113. The stock has a market capitalization of $170.61 billion, a PE ratio of 13.48, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group has a 1 year low of $387.12 and a 1 year high of $672.19. The stock has a 50-day moving average price of $608.15 and a 200-day moving average price of $572.36.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 company had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 EPS. As a group, research analysts forecast that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.

Insider Transactions at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 over the last 90 days. Corporate insiders own 0.55% of the company's stock.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of large investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $206,000. Townsquare Capital LLC boosted its position in The Goldman Sachs Group by 30.7% during the 3rd quarter. Townsquare Capital LLC now owns 7,135 shares of the investment management company's stock worth $3,533,000 after acquiring an additional 1,675 shares during the period. CreativeOne Wealth LLC increased its stake in The Goldman Sachs Group by 30.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 4,365 shares of the investment management company's stock valued at $2,161,000 after buying an additional 1,020 shares during the period. Financial Counselors Inc. raised its holdings in shares of The Goldman Sachs Group by 1.1% during the third quarter. Financial Counselors Inc. now owns 2,485 shares of the investment management company's stock worth $1,230,000 after acquiring an additional 27 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in The Goldman Sachs Group by 1,240.2% during the third quarter. Hantz Financial Services Inc. now owns 4,771 shares of the investment management company's stock valued at $2,362,000 after purchasing an additional 4,415 shares during the last quarter. 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.