BMO Capital Markets Increases The Goldman Sachs Group (NYSE:GS) Price Target to $360.00

The Goldman Sachs Group (NYSE:GS) had its price objective upped by BMO Capital Markets from $349.00 to $360.00 in a report published on Tuesday morning, Benzinga reports. They currently have a market perform rating on the investment management company’s stock.

GS has been the subject of a number of other reports. Edward Jones began coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a buy rating for the company. Oppenheimer boosted their price objective on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an outperform rating in a report on Tuesday. JMP Securities boosted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a market outperform rating in a report on Tuesday, April 9th. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a buy rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an outperform rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of Moderate Buy and a consensus target price of $434.93.

The Goldman Sachs Group Price Performance

GS stock opened at $403.11 on Tuesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The Goldman Sachs Group has a one year low of $289.36 and a one year high of $419.20. The stock has a market cap of $130.82 billion, a PE ratio of 15.74, a P/E/G ratio of 1.54 and a beta of 1.43. The firm has a 50 day simple moving average of $396.03 and a two-hundred day simple moving average of $365.61.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.79 EPS. On average, analysts predict that The Goldman Sachs Group will post 32.76 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.73%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold 35,907 shares of company stock valued at $13,950,851 in the last three months. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of The Goldman Sachs Group

Several institutional investors have recently bought and sold shares of the company. Tower Wealth Partners Inc. grew its position in The Goldman Sachs Group by 3.2% during the 1st quarter. Tower Wealth Partners Inc. now owns 1,133 shares of the investment management company’s stock valued at $473,000 after purchasing an additional 35 shares during the last quarter. Saxon Interests Inc. grew its position in The Goldman Sachs Group by 10.9% during the 1st quarter. Saxon Interests Inc. now owns 2,425 shares of the investment management company’s stock valued at $1,013,000 after purchasing an additional 239 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at about $84,000. MV Capital Management Inc. grew its position in The Goldman Sachs Group by 6.1% during the 1st quarter. MV Capital Management Inc. now owns 799 shares of the investment management company’s stock valued at $334,000 after purchasing an additional 46 shares during the last quarter. Finally, Woodmont Investment Counsel LLC grew its position in The Goldman Sachs Group by 108.7% during the 1st quarter. Woodmont Investment Counsel LLC now owns 1,344 shares of the investment management company’s stock valued at $561,000 after purchasing an additional 700 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other 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.