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

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday. Evercore ISI raised their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Stock Performance

The stock has a market capitalization of $131.11 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The company has a 50 day simple moving average of $396.43 and a 200-day simple moving average of $366.20. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate 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 company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same period last year, the business posted $8.79 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.41 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business 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 is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.72%. The Goldman Sachs Group’s payout ratio is 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 company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,357,659.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,907 shares of company stock worth $13,950,851. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently modified their holdings of the company. Cohen Investment Advisors LLC grew its stake in The Goldman Sachs Group by 3.7% in the 1st quarter. Cohen Investment Advisors LLC now owns 8,132 shares of the investment management company’s stock worth $3,397,000 after buying an additional 289 shares in the last quarter. FORVIS Wealth Advisors LLC increased its stake in The Goldman Sachs Group by 26.5% in the first quarter. FORVIS Wealth Advisors LLC now owns 2,108 shares of the investment management company’s stock valued at $880,000 after acquiring an additional 441 shares during the last quarter. GenTrust LLC lifted its stake in The Goldman Sachs Group by 21.4% during the first quarter. GenTrust LLC now owns 9,621 shares of the investment management company’s stock worth $4,019,000 after purchasing an additional 1,694 shares during the last quarter. FCG Investment Co boosted its holdings in shares of The Goldman Sachs Group by 86.5% in the 1st quarter. FCG Investment Co now owns 1,414 shares of the investment management company’s stock worth $591,000 after purchasing an additional 656 shares in the last quarter. Finally, Insight Folios Inc increased its position in shares of The Goldman Sachs Group by 17.7% during the 1st quarter. Insight Folios Inc now owns 1,939 shares of the investment management company’s stock valued at $810,000 after purchasing an additional 291 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

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.