Evercore ISI Increases The Goldman Sachs Group (NYSE:GS) Price Target to $440.00

The Goldman Sachs Group (NYSE:GS) had its price target boosted by Evercore ISI from $435.00 to $440.00 in a research note released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the investment management company’s stock.

A number of other research analysts also recently commented on GS. Argus upgraded The Goldman Sachs Group from a hold rating to a buy rating and set a $465.00 price objective on the stock in a report on Tuesday. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an outperform rating in a research note on Friday, April 5th. UBS Group raised their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a buy rating in a research note on Tuesday, January 9th. JMP Securities raised their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a market outperform rating in a research note on Tuesday, April 9th. Finally, Barclays raised their price target on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an overweight rating in a research note on Tuesday, January 2nd. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $434.93.

The Goldman Sachs Group Trading Up 0.2 %

GS opened at $404.00 on Tuesday. The Goldman Sachs Group has a one year low of $289.36 and a one year high of $419.20. The company has a market cap of $131.11 billion, a P/E ratio of 15.78, a PEG ratio of 1.31 and a beta of 1.43. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The business’s 50-day simple moving average is $396.43 and its 200-day simple moving average is $366.20.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the business posted $8.79 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities research analysts expect that The Goldman Sachs Group will post 35.15 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.72%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Insider Activity

In other news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Kathryn H. Ruemmler sold 7,277 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the completion of the sale, the insider now directly owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The disclosure for this sale can be found here. Insiders sold 35,907 shares of company stock valued at $13,950,851 in the last three months. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

Several hedge funds and other institutional investors have recently bought and sold shares of GS. Fairfield Bush & CO. acquired a new position in The Goldman Sachs Group during the first quarter worth $66,000. Candriam Luxembourg S.C.A. raised its holdings in shares of The Goldman Sachs Group by 1,505.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after acquiring an additional 38,727 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of The Goldman Sachs Group by 18.5% in the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after acquiring an additional 18,540 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in shares of The Goldman Sachs Group by 79.4% in the first quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock worth $273,000 after acquiring an additional 366 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of The Goldman Sachs Group by 118.3% in the first quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after acquiring an additional 168 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

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.