Wells Fargo Analysts Give Goldman Sachs (GS) a $330.00 Price Target

16 April, 2018, 22:41 | Author: Regina Silva
  • Goldman Sachs

Several hedge funds have recently made changes to their positions in GS.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Barclays increased their price target on shares of Goldman Sachs from $262.00 to $308.00 and gave the company an equal weight rating in a research note on Tuesday, January 2nd. Instinet reaffirmed an outperform rating and set a $225.00 price objective (down previously from $238.00) on shares of Goldman Sachs in a report on Thursday, January 4th.

Among 12 analysts covering Goldman Sachs Group Inc (NYSE:GS), 7 have Buy rating, 0 Sell and 5 Hold. The company has a consensus rating of Hold and a consensus price target of $260.58. (NYSE:GS). Portland Investment Counsel owns 2,100 shares. Goldman Sachs has a fifty-two week low of $209.62 and a fifty-two week high of $275.31. The firm has a market capitalization of $103.04 billion, a price-to-earnings ratio of 15.25 and a beta of 1.50.

GS Bank is a New York State-chartered bank that is a wholly-owned, direct subsidiary of The Goldman Sachs Group, Inc. The investment management company reported $5.68 EPS for the quarter, topping analysts' consensus estimates of $4.90 by $0.78. The Return on Equity (ROE) value stands at 5%.

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Revenue to outstrip profits: Analysts are predicting revenue growth of 8.8% from a year ago, to $8.7 billion. They expect $5.41 EPS, up 5.05% or $0.26 from last year's $5.15 per share. This year's performance is 5.09% while this quarter's performance is -1.87%.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Moreover, Bank Of America Corp De has 0% invested in the company for 20,000 shares. Davidson D A & Company bought 1,525 shares as the company's stock declined 4.52% with the market. The ex-dividend date was Wednesday, February 28th. Ubs Asset Mngmt Americas Inc has 0.24% invested in The Goldman Sachs Group, Inc. On Thursday, March 22 the rating was maintained by Wells Fargo with "Buy". The shares were sold at an average price of $270.42, for a total transaction of $2,704,200.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $233.99, for a total transaction of $2,714,284.00. The disclosure for this sale can be found here. The fund owned 95,819 shares of the financial services provider's stock after purchasing an additional 55,968 shares during the period. GLG Partners LP boosted its position in Goldman Sachs Group by 15.4% in the second quarter. First Allied Advisory Services Inc. now owns 14,611 shares of the investment management company's stock worth $2,157,000 after buying an additional 2,610 shares in the last quarter. The Manufacturers Life Insurance Company now owns 3,401,280 shares of the investment management company's stock worth $866,510,000 after buying an additional 51,853 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Goldman Sachs by 2.6% in the 3rd quarter. The Stock now has a Weekly Volatility of 2.45% and Monthly Volatility of 2.67%. It is positive, as 60 investors sold GS shares while 371 reduced holdings. Corporate insiders own 1.00% of the company's stock. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA and worldwide trademark and copyright laws.

Thomas Lenox Kempner increased its stake in Goldman Sachs Group Inc (GS) by 6.37% based on its latest 2017Q4 regulatory filing with the SEC. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The acquisition expands Marcus' products and services to help consumers make smarter financial decisions.

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