The Goldman Sachs Group (NYSE:GS) Trading Down 0.3%

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) were down 0.3% on Wednesday . The stock traded as low as $420.26 and last traded at $422.84. Approximately 476,553 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 2,377,225 shares. The stock had previously closed at $424.00.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. HSBC increased their price objective 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. Finally, Royal Bank of Canada upped their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $434.93.

The Goldman Sachs Group Trading Down 0.2 %

The company has a market cap of $137.29 billion, a PE ratio of 16.52, a PEG ratio of 1.34 and a beta of 1.43. The stock has a fifty day moving average of $397.82 and a 200-day moving average of $368.58. 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. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 EPS 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 2.60%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Activity

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’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 transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds have recently modified their holdings of the company. Simplicity Wealth LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $5,139,000. Archford Capital Strategies LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter worth about $291,000. First Fiduciary Investment Counsel Inc. boosted its position in The Goldman Sachs Group by 145.3% during the first quarter. First Fiduciary Investment Counsel Inc. now owns 32,807 shares of the investment management company’s stock worth $13,703,000 after acquiring an additional 19,434 shares during the last quarter. Wells Trecaso Financial Group LLC grew its stake in The Goldman Sachs Group by 2.6% during the 1st quarter. Wells Trecaso Financial Group LLC now owns 21,426 shares of the investment management company’s stock valued at $8,949,000 after acquiring an additional 540 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in The Goldman Sachs Group by 4.6% in the 1st quarter. Spire Wealth Management now owns 5,571 shares of the investment management company’s stock valued at $2,327,000 after acquiring an additional 247 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

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.