The Goldman Sachs Group (NYSE:GS) Shares Up 0.8%

The Goldman Sachs Group, Inc. (NYSE:GS)’s share price rose 0.8% on Wednesday . The stock traded as high as $413.30 and last traded at $409.38. Approximately 612,808 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 2,310,345 shares. The stock had previously closed at $406.18.

Analyst Ratings Changes

GS has been the subject of several recent analyst reports. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. JMP Securities reissued a “market outperform” rating and issued a $440.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. Finally, HSBC upped their target price on shares of The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $411.10.

The Goldman Sachs Group Stock Performance

The stock’s fifty day simple moving average is $388.58 and its 200-day simple moving average is $357.54. 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 company has a market capitalization of $135.55 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42.

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

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 48.20%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the transaction, the insider now directly owns 10,121 shares in the company, valued at approximately $3,809,443.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the sale, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock worth $15,080,021 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GS. First United Bank & Trust acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Cambridge Trust Co. grew its position in shares of The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $29,000. Truvestments Capital LLC lifted its holdings in The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $32,000. 71.21% of the stock is owned by institutional investors and hedge funds.

About The Goldman Sachs Group

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.