The Goldman Sachs Group (NYSE:GS) Trading Down 0.7%

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report)'s stock price dropped 0.7% during trading on Tuesday . The stock traded as low as $396.86 and last traded at $398.07. Approximately 1,021,996 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 2,302,569 shares. The stock had previously closed at $400.88.

Analyst Ratings Changes

GS has been the subject of several analyst reports. Morgan Stanley upgraded shares of The Goldman Sachs Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Tuesday. Barclays boosted their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an "overweight" rating in a research report on Tuesday, January 2nd. Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Citigroup lifted their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $434.93.

The Goldman Sachs Group Stock Performance

The stock's 50 day moving average price is $395.09 and its 200 day moving average price is $364.56. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $128.68 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data 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 7.85% and a return on equity of 8.03%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period in the prior year, the firm posted $8.79 EPS. The company's quarterly revenue was up 16.1% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 32.76 EPS for the current year.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business's 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 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 can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,907 shares of company stock valued at $15,080,021. 0.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. First United Bank & Trust acquired a new position in The Goldman Sachs Group during the fourth quarter worth $26,000. Versant Capital Management Inc raised its holdings in The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company's stock worth $28,000 after buying an additional 34 shares during the last quarter. Cambridge Trust Co. raised its holdings in The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company's stock worth $29,000 after buying an additional 41 shares during the last quarter. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $29,000. Finally, Truvestments Capital LLC raised its holdings in The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company's stock worth $31,000 after buying an additional 44 shares during 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.