The Goldman Sachs Group (NYSE:GS) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says

Key Points

• BNP Paribas Exane raised its price target for Goldman Sachs Group from $685 to $775, indicating a potential upside of 3.24% from the current price.
• The company reported earnings per share of $12.25 for the quarter, surpassing estimates by $1.98, despite revenue falling short at $11.33 billion.
• Overall, Goldman Sachs holds a consensus rating of "Hold" among analysts, with an average price target of $771.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price objective upped by research analysts at BNP Paribas Exane from $685.00 to $775.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has a "neutral" rating on the investment management company's stock. BNP Paribas Exane's price target would suggest a potential upside of 3.24% from the company's current price.

A number of other research analysts also recently weighed in on GS. JMP Securities restated a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft raised their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a "hold" rating in a research note on Tuesday, September 30th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Evercore ISI raised their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a "market perform" rating in a research note on Friday. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average price target of $771.00.

The Goldman Sachs Group Stock Down 1.0%

NYSE:GS opened at $750.71 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The company has a market cap of $227.25 billion, a PE ratio of 15.25, a PEG ratio of 1.39 and a beta of 1.42. The Goldman Sachs Group has a 52-week low of $439.38 and a 52-week high of $825.25. The stock has a 50-day simple moving average of $765.25 and a 200 day simple moving average of $670.40.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.27 by $1.98. The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The Goldman Sachs Group's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $8.40 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO John E. Waldron sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares of the company's stock, valued at $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares of the company's stock, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,323 shares of company stock valued at $28,111,828. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of The Goldman Sachs Group

Several hedge funds have recently added to or reduced their stakes in GS. Brighton Jones LLC lifted its holdings in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares during the last quarter. GAMMA Investing LLC lifted its holdings in The Goldman Sachs Group by 17.1% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the investment management company's stock worth $3,977,000 after purchasing an additional 1,062 shares during the last quarter. Advisor Resource Council acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $290,000. Finally, Inlight Wealth Management LLC acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $95,000. 71.21% of the stock is owned by institutional investors and hedge funds.

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.

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