The Goldman Sachs Group (NYSE:GS) Trading Up 1.7%

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) shot up 1.7% during trading on Tuesday . The stock traded as high as $461.33 and last traded at $461.07. 602,082 shares traded hands during trading, a decline of 74% from the average session volume of 2,331,966 shares. The stock had previously closed at $453.56.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GS shares. Morgan Stanley upgraded shares of The Goldman Sachs Group from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $333.00 to $449.00 in a report on Tuesday, January 30th. Edward Jones initiated coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a "buy" rating for the company. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an "overweight" rating in a report on Tuesday, April 16th. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a "neutral" rating to an "outperform" rating and raised their target price for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, Oppenheimer raised their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an "outperform" rating in a research report on Tuesday, April 30th. 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 presently has an average rating of "Moderate Buy" and a consensus target price of $440.57.

The Goldman Sachs Group Trading Up 1.1 %

The stock has a market cap of $147.84 billion, a PE ratio of 17.90, a PEG ratio of 1.40 and a beta of 1.40. The company's fifty day moving average is $411.69 and its 200-day moving average is $381.58. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analysts' expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.79 EPS. On average, analysts predict that The Goldman Sachs Group, Inc. will post 36.78 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company 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 dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 42.95%.

Insider Buying and Selling

In other 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 transaction, the director now directly owns 623,425 shares of the company's stock, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Denis P. Coleman sold 12,680 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company's stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,330 shares of company stock valued at $11,713,578. Corporate insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Capital World Investors increased its holdings in shares of The Goldman Sachs Group by 6.0% during the 4th quarter. Capital World Investors now owns 6,012,564 shares of the investment management company's stock worth $2,319,470,000 after buying an additional 338,181 shares during the last quarter. Morgan Stanley raised its position in The Goldman Sachs Group by 7.8% in the third 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 period. Fisher Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company's stock valued at $2,128,693,000 after purchasing an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of The Goldman Sachs Group by 0.5% during the 4th 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 purchasing an additional 27,524 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 buying an additional 274,989 shares during the period. Hedge funds and other institutional investors 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.