The Goldman Sachs Group (NYSE:GS) Trading Down 0.5%

The Goldman Sachs Group, Inc. (NYSE:GS)’s stock price traded down 0.5% during trading on Thursday . The stock traded as low as $459.43 and last traded at $459.92. 578,752 shares were traded during mid-day trading, a decline of 75% from the average session volume of 2,333,913 shares. The stock had previously closed at $462.38.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GS shares. Royal Bank of Canada upped their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. HSBC upped their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Finally, BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.57.

The Goldman Sachs Group Trading Down 0.9 %

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The business’s 50-day moving average is $422.29 and its two-hundred day moving average is $388.77. The firm has a market cap of $147.74 billion, a P/E ratio of 18.02, a P/E/G ratio of 0.95 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the firm earned $8.79 EPS. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 36.57 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, May 30th. 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 stock in a transaction dated 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 transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently modified their holdings of the company. BigSur Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 2.5% in the 1st quarter. BigSur Wealth Management LLC now owns 3,660 shares of the investment management company’s stock valued at $1,529,000 after buying an additional 90 shares during the period. Atria Investments Inc increased its stake in shares of The Goldman Sachs Group by 3.3% in the 1st quarter. Atria Investments Inc now owns 19,379 shares of the investment management company’s stock valued at $8,093,000 after buying an additional 612 shares during the period. Swedbank AB acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $137,134,000. Sanibel Captiva Trust Company Inc. grew its stake in shares of The Goldman Sachs Group by 16.2% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 12,374 shares of the investment management company’s stock worth $5,168,000 after purchasing an additional 1,725 shares during the period. Finally, Delphi Management Inc. MA grew its stake in shares of The Goldman Sachs Group by 4.6% during the first quarter. Delphi Management Inc. MA now owns 4,233 shares of the investment management company’s stock worth $1,768,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

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.