Insider Selling: The Goldman Sachs Group, Inc. (NYSE:GS) Director Sells 5,000 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) Director David A. Viniar sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares of the company's stock, valued at $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

The Goldman Sachs Group Stock Down 0.0 %

Shares of GS stock traded down $0.17 during mid-day trading on Wednesday, reaching $426.54. 2,310,061 shares of the company's stock traded hands, compared to its average volume of 2,379,190. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $433.43. The company has a market cap of $138.43 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.36 and a beta of 1.43. 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 company's 50-day moving average price is $402.81 and its 200-day moving average price is $372.96.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 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 firm had revenue of $14.21 billion for the quarter, compared to analysts' expectations of $12.94 billion. During the same quarter in the previous year, the business posted $8.79 EPS. The company's quarterly revenue was up 16.1% on a year-over-year basis. On average, equities analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group's payout ratio is 42.95%.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter worth about $1,903,374,000. Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $1,120,119,000. Congress Wealth Management LLC DE increased its position in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company's stock valued at $211,396,000 after purchasing an additional 650,918 shares during the last quarter. Wellington Management Group LLP increased its position in shares of The Goldman Sachs Group by 27.0% during the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company's stock valued at $842,597,000 after purchasing an additional 464,954 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of The Goldman Sachs Group by 7.8% during 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 purchasing an additional 412,383 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

GS has been the topic of a number of recent analyst reports. HSBC raised their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Citigroup raised their target price on shares of 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. Barclays lifted their price target on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 2nd. Morgan Stanley raised shares of The Goldman Sachs Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target 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. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $437.04.

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.