The Goldman Sachs Group (NYSE:GS) Price Target Raised to $790.00 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft raised its price target for The Goldman Sachs Group from $725.00 to $790.00, while maintaining a "hold" rating, indicating a potential downside from the current stock price.
• Goldman Sachs reported a quarterly EPS of $10.91, surpassing analyst expectations, with a year-over-year revenue increase of 14.5% to $14.58 billion.
• Insider trading activity included COO John E. Waldron selling 9,000 shares, reducing his ownership stakes by approximately 7.81%.

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price target increased by Deutsche Bank Aktiengesellschaft from $725.00 to $790.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has a "hold" rating on the investment management company's stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential downside of 1.79% from the company's current price.

Several other analysts have also issued reports on GS. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Citigroup lifted their target price on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. JMP Securities reiterated a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Finally, Evercore ISI restated an "outperform" rating on shares of The Goldman Sachs Group in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $682.60.

The Goldman Sachs Group Stock Up 0.0%

GS stock opened at $804.41 on Tuesday. The firm has a market cap of $243.51 billion, a PE ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 1.41. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The firm's fifty day moving average is $749.28 and its 200 day moving average is $649.87. The Goldman Sachs Group has a one year low of $439.38 and a one year high of $825.25.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm's revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned $8.62 earnings per share. On average, research analysts forecast that The Goldman Sachs Group will post 47.12 EPS for the current year.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the transaction, the chief operating officer owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares of the company's stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock valued at $28,111,828 over the last 90 days. Insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GS. Brighton Jones LLC lifted its position in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC raised its position in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. NBC Securities Inc. purchased a new stake in The Goldman Sachs Group in the 1st quarter valued at $240,000. Merit Financial Group LLC raised its position in The Goldman Sachs Group by 5.8% in the 1st quarter. Merit Financial Group LLC now owns 11,166 shares of the investment management company's stock valued at $6,100,000 after purchasing an additional 609 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in The Goldman Sachs Group by 13.6% during the 1st quarter. ST Germain D J Co. Inc. now owns 1,576 shares of the investment management company's stock worth $861,000 after buying an additional 189 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.