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

The Goldman Sachs Group, Inc. (NYSE:GS) shares were up 0.7% during mid-day trading on Thursday . The company traded as high as $407.86 and last traded at $406.57. Approximately 778,034 shares were traded during trading, a decline of 67% from the average daily volume of 2,342,566 shares. The stock had previously closed at $403.91.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GS shares. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods boosted 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 note on Friday, April 5th. Bank of America lifted their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group upped their price target on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, Edward Jones began coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Price Performance

The firm has a market capitalization of $131.11 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.29 and a beta of 1.43. The stock’s 50 day simple moving average is $396.43 and its 200 day simple moving average is $366.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results 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 return on equity of 8.65% and a net margin of 8.17%. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the company posted $8.79 EPS. The Goldman Sachs Group’s revenue was up 16.1% on a year-over-year basis. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 35.41 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was 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 owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,277 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the completion of the transaction, the insider now directly owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,907 shares of company stock valued at $13,950,851. 0.54% of the stock is currently owned by insiders.

Institutional Trading of The Goldman Sachs Group

Several institutional investors have recently bought and sold shares of GS. Capital World Investors raised its holdings 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 valued at $2,319,470,000 after acquiring an additional 338,181 shares during the last quarter. Morgan Stanley raised its stake in The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after purchasing an additional 1,696,350 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in The Goldman Sachs Group by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after purchasing an additional 152,474 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in The Goldman Sachs Group by 0.5% during the 4th 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 purchasing an additional 27,524 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of The Goldman Sachs Group by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after buying an additional 274,989 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

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.