The Goldman Sachs Group (NYSE:GS) Given New $550.00 Price Target at Citigroup

The Goldman Sachs Group (NYSE:GS) had its price objective decreased by Citigroup from $585.00 to $550.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the investment management company’s stock. Citigroup’s target price indicates a potential downside of 5.32% from the stock’s previous close.

GS has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Barclays increased their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $591.93.

The Goldman Sachs Group Stock Up 2.8 %

Shares of GS stock traded up $15.74 on Monday, hitting $580.88. The stock had a trading volume of 527,601 shares, compared to its average volume of 2,234,342. The Goldman Sachs Group has a one year low of $387.12 and a one year high of $672.19. The business has a 50 day moving average price of $610.89 and a 200 day moving average price of $569.20. The company has a market cap of $181.26 billion, a PE ratio of 14.33, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the company posted $5.48 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Research analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors and hedge funds have recently made changes to their positions in GS. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at about $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

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.