The Goldman Sachs Group (NYSE:GS) Shares Up 0.7%

The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) shares rose 0.7% during trading on Wednesday . The company traded as high as $416.63 and last traded at $413.06. Approximately 441,072 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 2,297,704 shares. The stock had previously closed at $410.15.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GS shares. BMO Capital Markets upped their target price on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, January 18th. HSBC upped their target price on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. JMP Securities reissued a “market outperform” rating and issued a $440.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. Edward Jones started coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $411.10.

Check Out Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Stock Up 0.7 %

The stock has a market capitalization of $134.01 billion, a PE ratio of 18.15, a P/E/G ratio of 1.59 and a beta of 1.43. The firm has a 50 day moving average of $391.25 and a two-hundred day moving average of $359.92. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $3.62 by $1.86. The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The Goldman Sachs Group’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $3.32 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.66%. The ex-dividend date was Wednesday, February 28th. The Goldman Sachs Group’s payout ratio is 48.20%.

Insiders Place Their Bets

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,907 shares of company stock valued at $15,080,021. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of The Goldman Sachs Group by 0.4% during the second quarter. State Street Corp now owns 19,822,469 shares of the investment management company’s stock worth $6,393,539,000 after purchasing an additional 76,641 shares in the last quarter. Capital World Investors lifted its stake in shares of The Goldman Sachs Group by 6.0% during the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after purchasing an additional 338,181 shares in the last quarter. Morgan Stanley lifted its stake in shares of The Goldman Sachs Group by 40.0% during the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after purchasing an additional 1,696,350 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of The Goldman Sachs Group by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after acquiring an additional 152,474 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of The Goldman Sachs Group by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock worth $2,004,153,000 after acquiring an additional 27,524 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

(Get Free Report)

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.

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