The Goldman Sachs Group (NYSE:GS) Stock Price Up 0.1%

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report)'s share price rose 0.1% on Friday . The company traded as high as $458.75 and last traded at $456.01. Approximately 470,606 shares were traded during trading, a decline of 80% from the average daily volume of 2,345,147 shares. The stock had previously closed at $455.56.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent research reports. HSBC lifted their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Oppenheimer increased their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an "outperform" rating in a report on Tuesday, April 30th. Citigroup upped their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company increased their target price on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an "overweight" rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $440.57.

The Goldman Sachs Group Stock Performance

The firm has a 50-day simple moving average of $409.14 and a two-hundred day simple moving average of $378.25. 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 company has a market capitalization of $147.51 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 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 firm's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.79 earnings per share. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 EPS 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. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 42.95%.

Insider Activity

In other news, Director David A. Viniar sold 5,000 shares of the business'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 value of $2,161,250.00. Following 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 filing with the SEC, which is available at the SEC website. 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 transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares of the company's stock, valued at $7,190,901.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the company's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,330 shares of company stock valued at $11,713,578. Company insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of The Goldman Sachs Group by 1.3% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,866 shares of the investment management company's stock worth $779,000 after purchasing an additional 24 shares during the last quarter. Powell Investment Advisors LLC grew its stake in The Goldman Sachs Group by 0.7% in the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company's stock valued at $1,603,000 after purchasing an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its stake in The Goldman Sachs Group by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company's stock valued at $944,000 after purchasing an additional 25 shares in the last quarter. Optas LLC grew its stake in The Goldman Sachs Group by 2.4% in the first quarter. Optas LLC now owns 1,072 shares of the investment management company's stock valued at $448,000 after purchasing an additional 25 shares in the last quarter. Finally, Regatta Capital Group LLC grew its stake in The Goldman Sachs Group by 2.2% in the first quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company's stock valued at $487,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

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.

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