The Goldman Sachs Group (NYSE:GS) Price Target Increased to $390.00 by Analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell

The Goldman Sachs Group (NYSE:GS) had its target price hoisted by equities researchers at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $370.00 to $390.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the investment management company’s stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s target price indicates a potential upside of 19.31% from the stock’s previous close.

Several other research analysts have also issued reports on the company. BMO Capital Markets increased their target price on The Goldman Sachs Group from $307.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 20th. Evercore ISI raised their price target on The Goldman Sachs Group from $288.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, January 20th. Piper Sandler raised their price target on The Goldman Sachs Group from $270.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, January 11th. JPMorgan Chase & Co. reissued a “buy” rating and set a $308.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, January 20th. Finally, Morgan Stanley raised their price target on The Goldman Sachs Group from $304.00 to $332.00 and gave the company an “underweight” rating in a report on Monday, March 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Goldman Sachs Group has an average rating of “Buy” and a consensus target price of $317.91.

The Goldman Sachs Group stock traded up $0.32 during mid-day trading on Thursday, reaching $326.87. The stock had a trading volume of 39,246 shares, compared to its average volume of 3,223,186. The firm has a market capitalization of $113.03 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.65 and a beta of 1.50. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.73 and a current ratio of 0.73. The Goldman Sachs Group has a fifty-two week low of $165.36 and a fifty-two week high of $356.85. The stock’s 50-day simple moving average is $330.16 and its 200-day simple moving average is $263.63.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, January 18th. The investment management company reported $12.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $7.47 by $4.61. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The business had revenue of $11.74 billion during the quarter, compared to analysts’ expectations of $10.07 billion. During the same period in the previous year, the business earned $4.69 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group will post 26.26 earnings per share for the current fiscal year.

In other news, insider Laurence Stein sold 10,748 shares of the business’s stock in a transaction on Tuesday, February 2nd. The shares were sold at an average price of $277.93, for a total transaction of $2,987,191.64. Also, CFO Stephen M. Scherr sold 20,000 shares of the business’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $312.61, for a total transaction of $6,252,200.00. Insiders sold 40,748 shares of company stock worth $12,371,892 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $25,000. RMR Wealth Builders acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $26,000. Danda Trouve Investment Management Inc. acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $26,000. IronBridge Private Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $26,000. Finally, Annapolis Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $27,000. 68.05% of the stock is currently owned by institutional investors.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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