The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) insider Alex Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the sale, the insider directly owned 2,578 shares of the company's stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
The Goldman Sachs Group Trading Down 0.3%
GS stock traded down $2.64 during trading on Friday, reaching $928.66. 927,226 shares of the stock traded hands, compared to its average volume of 2,391,382. The business's 50 day moving average price is $868.37 and its 200-day moving average price is $861.39. The Goldman Sachs Group, Inc. has a 52-week low of $531.45 and a 52-week high of $984.70. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.10 and a quick ratio of 0.66. The firm has a market capitalization of $273.94 billion, a PE ratio of 16.97, a P/E/G ratio of 1.20 and a beta of 1.32.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The firm had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the previous year, the business earned $14.12 earnings per share. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.
The Goldman Sachs Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group's payout ratio is 32.89%.
Key Stories Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
Institutional Investors Weigh In On The Goldman Sachs Group
Institutional investors and hedge funds have recently modified their holdings of the stock. Acropolis Investment Management LLC lifted its stake in shares of The Goldman Sachs Group by 1.8% in the fourth quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company's stock worth $554,000 after acquiring an additional 11 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 2.0% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company's stock worth $505,000 after acquiring an additional 11 shares in the last quarter. Optas LLC lifted its stake in shares of The Goldman Sachs Group by 0.4% in the fourth quarter. Optas LLC now owns 2,553 shares of the investment management company's stock worth $2,244,000 after acquiring an additional 11 shares in the last quarter. Pines Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 0.4% in the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock worth $2,255,000 after acquiring an additional 11 shares in the last quarter. Finally, Welch & Forbes LLC lifted its stake in shares of The Goldman Sachs Group by 0.8% in the fourth quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company's stock worth $1,257,000 after acquiring an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on GS shares. Royal Bank Of Canada reissued a "neutral" rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a "market perform" rating in a research report on Friday, January 16th. Daiwa Securities Group decreased their target price on The Goldman Sachs Group from $940.00 to $891.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Bank of America decreased their target price on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Finally, BMO Capital Markets upped their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a "market perform" rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $922.71.
View Our Latest Report on GS
The Goldman Sachs Group Company Profile
(
Get Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
Further Reading

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