The Goldman Sachs Group (NYSE:GS) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

The Goldman Sachs Group (NYSE:GS) had its price objective increased by analysts at Keefe, Bruyette & Woods from $870.00 to $971.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “market perform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 9.51% from the stock’s previous close.

A number of other analysts have also weighed in on GS. Wells Fargo & Company upped their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Daiwa Capital Markets raised their price target on The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $750.00 price target (up previously from $625.00) on shares of The Goldman Sachs Group in a report on Tuesday, October 21st. Evercore ISI boosted their price target on shares of 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, BNP Paribas Exane boosted their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $792.67.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $886.71 on Wednesday. The Goldman Sachs Group has a fifty-two week low of $439.38 and a fifty-two week high of $919.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $803.70 and its two-hundred day moving average is $749.05. The firm has a market capitalization of $265.95 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.40 EPS. On average, research analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently added to or reduced their stakes in the business. Gilliland Jeter Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 3.5% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock valued at $309,000 after purchasing an additional 13 shares during the period. EWA LLC raised its position in The Goldman Sachs Group by 2.2% in the third quarter. EWA LLC now owns 612 shares of the investment management company’s stock worth $488,000 after acquiring an additional 13 shares in the last quarter. Carrera Capital Advisors boosted its holdings in The Goldman Sachs Group by 3.5% during the third quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock worth $306,000 after buying an additional 13 shares in the last quarter. Centerpoint Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 1.5% in the third quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock valued at $687,000 after buying an additional 13 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 0.9% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 1,488 shares of the investment management company’s stock valued at $1,185,000 after acquiring an additional 13 shares during the last quarter. 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.