The Goldman Sachs Group (NYSE:GS) Stock Price Down 0%

The Goldman Sachs Group, Inc. (NYSE:GS) shares fell 0% during trading on Wednesday . The stock traded as low as $442.05 and last traded at $443.78. 310,926 shares were traded during trading, a decline of 87% from the average session volume of 2,343,568 shares. The stock had previously closed at $443.80.

Analysts Set New Price Targets

GS has been the topic of several research analyst reports. HSBC boosted their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their target price 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. Citigroup raised their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $440.57.

The Goldman Sachs Group Stock Up 0.7 %

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 firm’s 50-day moving average price is $406.72 and its two-hundred day moving average price is $377.23. The firm has a market cap of $145.05 billion, a PE ratio of 17.40, a P/E/G ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the company posted $8.79 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.46%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’s 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 completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred 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 completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock worth $11,713,578 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Several institutional investors have recently made changes to their positions in the stock. Capital World Investors boosted its position in 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 worth $2,319,470,000 after purchasing an additional 338,181 shares in the last quarter. Morgan Stanley grew its stake in The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after acquiring an additional 412,383 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after purchasing an additional 152,474 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of The Goldman Sachs Group by 0.5% in the fourth 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 acquiring an additional 27,524 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in The Goldman Sachs Group by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock valued at $1,910,897,000 after purchasing an additional 274,989 shares during the last quarter. 71.21% of the stock is currently 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.