UBS Group Issues Positive Forecast for The Goldman Sachs Group (NYSE:GS) Stock Price

Key Points

• UBS Group has raised its target price for The Goldman Sachs Group from $762.00 to $805.00, indicating a potential upside of 2.18% from the stock's previous close.
• The Goldman Sachs Group reported a $10.91 EPS for the last quarter, exceeding consensus estimates and demonstrating a 14.5% year-over-year revenue growth.
• Insider selling has been noted, with CEO David M. Solomon and CFO Denis P. Coleman selling shares that represent a 4.98% and 28.64% decrease in their respective ownership stakes.

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its target price hoisted by stock analysts at UBS Group from $762.00 to $805.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage currently has a "neutral" rating on the investment management company's stock. UBS Group's price target would indicate a potential upside of 2.18% from the stock's previous close.

GS has been the topic of a number of other reports. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of The Goldman Sachs Group in a report on Saturday, September 27th. Evercore ISI upped their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Finally, Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $727.31.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded down $8.96 on Tuesday, hitting $787.82. 621,534 shares of the stock were exchanged, compared to its average volume of 2,391,688. The firm has a market capitalization of $238.49 billion, a PE ratio of 17.36, a P/E/G ratio of 1.64 and a beta of 1.42. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The firm's 50 day moving average is $756.50 and its two-hundred day moving average is $657.99. 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 data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The Goldman Sachs Group's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $8.62 EPS. Sell-side analysts expect that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

Insider Transactions at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,608 shares of the stock in a transaction 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. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,323 shares of company stock worth $28,111,828. Corporate insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Several large investors have recently bought and sold shares of GS. Sonora Investment Management Group LLC boosted its holdings in shares of The Goldman Sachs Group by 28.2% during the 3rd quarter. Sonora Investment Management Group LLC now owns 546 shares of the investment management company's stock valued at $435,000 after acquiring an additional 120 shares during the last quarter. Sanders Morris Harris LLC bought a new position in The Goldman Sachs Group during the third quarter valued at approximately $4,604,000. Graves Light Lenhart Wealth Inc. purchased a new stake in The Goldman Sachs Group in the third quarter worth approximately $333,000. Destiny Wealth Partners LLC grew its position in The Goldman Sachs Group by 6.5% in the 3rd quarter. Destiny Wealth Partners LLC now owns 879 shares of the investment management company's stock worth $700,000 after purchasing an additional 54 shares during the period. Finally, Moody National Bank Trust Division raised its stake in The Goldman Sachs Group by 5.2% during the 3rd quarter. Moody National Bank Trust Division now owns 4,537 shares of the investment management company's stock valued at $3,613,000 after buying an additional 223 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

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.

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