The Goldman Sachs Group (NYSE:GS) Hits New 52-Week High at $429.45

Shares of The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $429.45 and last traded at $429.45, with a volume of 1207 shares. The stock had previously closed at $427.57.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent research reports. Evercore ISI lifted their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 16th. Edward Jones initiated coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a "buy" rating on the stock. Morgan Stanley raised The Goldman Sachs Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Finally, Argus upgraded shares of The Goldman Sachs Group from a "hold" rating to a "buy" rating and set a $465.00 price target for the company in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Moderate Buy" and a consensus price target of $434.93.

The Goldman Sachs Group Stock Up 0.8 %

The business's 50 day moving average price is $400.27 and its 200-day moving average price is $370.90. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The company has a market cap of $139.83 billion, a P/E ratio of 16.82, a PEG ratio of 1.35 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company had revenue of $14.21 billion during the quarter, compared to analysts' expectations of $12.94 billion. During the same quarter in the previous year, the company posted $8.79 earnings per share. The Goldman Sachs Group's quarterly revenue was up 16.1% compared to the same quarter last year. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 42.95%.

Insider Buying and Selling

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company's stock, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The stock was 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 directly owns 29,417 shares of the company's stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

A number of institutional investors have recently bought and sold shares of GS. First Personal Financial Services acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $25,000. First United Bank & Trust acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Versant Capital Management Inc grew its holdings in shares of The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company's stock valued at $28,000 after buying an additional 34 shares during the period. Cambridge Trust Co. boosted its stake in The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company's stock worth $29,000 after purchasing an additional 41 shares during the period. Finally, Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter worth $29,000. Institutional investors and hedge funds own 71.21% of the company's stock.

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.