The Goldman Sachs Group (NYSE:GS) Trading Up 1.4%

The Goldman Sachs Group, Inc. (NYSE:GS) shot up 1.4% on Tuesday . The stock traded as high as $470.43 and last traded at $469.28. 715,528 shares were traded during trading, a decline of 69% from the average session volume of 2,326,229 shares. The stock had previously closed at $462.94.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GS. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Royal Bank of Canada increased their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. HSBC boosted their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Finally, Oppenheimer boosted their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $440.57.

The Goldman Sachs Group Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $149.01 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.95 and a beta of 1.40. The stock has a fifty day moving average price of $422.29 and a two-hundred day moving average price of $388.77.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the previous year, the company posted $8.79 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.38%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other 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 completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, 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. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jacobi Capital Management LLC boosted its stake in shares of The Goldman Sachs Group by 1.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock valued at $653,000 after buying an additional 23 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in The Goldman Sachs Group by 1.3% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,866 shares of the investment management company’s stock worth $779,000 after purchasing an additional 24 shares in the last quarter. Powell Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 0.7% in the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after buying an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its stake in The Goldman Sachs Group by 1.1% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock valued at $944,000 after buying an additional 25 shares in the last quarter. Finally, Optas LLC grew its position in shares of The Goldman Sachs Group by 2.4% in the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock worth $448,000 after acquiring an additional 25 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.