Analysts Set The Goldman Sachs Group, Inc. (NYSE:GS) Price Target at $593.40

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) has received an average recommendation of "Hold" from the nineteen research firms that are covering the stock, MarketBeat reports. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $593.40.

A number of research firms recently issued reports on GS. JMP Securities reduced their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Barclays decreased their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Finally, Citigroup reduced their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $6.25 during trading hours on Wednesday, reaching $605.46. The company's stock had a trading volume of 2,085,360 shares, compared to its average volume of 2,768,669. The Goldman Sachs Group has a one year low of $437.37 and a one year high of $672.19. The company's 50 day simple moving average is $553.22 and its 200 day simple moving average is $582.47. 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 stock has a market cap of $185.78 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the company posted $11.58 earnings per share. As a group, analysts expect that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insiders Place Their Bets

In other news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors have recently bought and sold shares of the business. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in The Goldman Sachs Group during the first quarter valued at approximately $25,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds 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.