Goldman Sachs Group Inc (NYSE:GS) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.75 per share by the investment management company on Thursday, March 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 28th.

Goldman Sachs Group has raised its dividend by an average of 8.8% per year over the last three years and has raised its dividend every year for the last 6 years. Goldman Sachs Group has a payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Goldman Sachs Group to earn $24.18 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 12.4%.

Goldman Sachs Group (NYSE:GS) traded up $5.15 during midday trading on Friday, hitting $256.12. The stock had a trading volume of 4,639,023 shares, compared to its average volume of 3,605,721. Goldman Sachs Group has a fifty-two week low of $209.62 and a fifty-two week high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $96,610.00, a price-to-earnings ratio of 29.54, a PEG ratio of 0.91 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter in the previous year, the firm earned $5.08 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. equities research analysts expect that Goldman Sachs Group will post 21.4 earnings per share for the current fiscal year.

In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,366,544.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David M. Solomon sold 2,400 shares of Goldman Sachs Group stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $238.49, for a total value of $572,376.00. The disclosure for this sale can be found here. Insiders have sold a total of 97,833 shares of company stock valued at $23,309,552 over the last three months. Corporate insiders own 2.57% of the company’s stock.

Several research firms have recently commented on GS. BMO Capital Markets reduced their price target on Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $260.00 price target on shares of Goldman Sachs Group in a report on Thursday. Buckingham Research reiterated a “neutral” rating and set a $250.00 price target (up previously from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Royal Bank of Canada lifted their price target on Goldman Sachs Group to $265.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Oppenheimer lifted their price target on Goldman Sachs Group from $301.00 to $313.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $254.67.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Dividend History for Goldman Sachs Group (NYSE:GS)

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