The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) dropped 1.9% during trading on Thursday . The stock traded as low as $414.85 and last traded at $415.21. Approximately 546,121 shares traded hands during trading, a decline of 77% from the average daily volume of 2,368,038 shares. The stock had previously closed at $423.04.
Analyst Ratings Changes
GS has been the topic of several analyst reports. Oppenheimer lifted their price target on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an "outperform" rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an "outperform" rating in a report on Friday, April 5th. Evercore ISI lifted their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an "outperform" rating in a report on Tuesday, April 16th. Barclays lifted their price target on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an "overweight" rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 16th. Six 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, the company presently has an average rating of "Moderate Buy" and an average price target of $434.93.
View Our Latest Report on The Goldman Sachs Group
The Goldman Sachs Group Stock Performance
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 stock has a 50 day simple moving average of $398.72 and a two-hundred day simple moving average of $368.96. The company has a market cap of $136.32 billion, a PE ratio of 16.30, a PEG ratio of 1.36 and a beta of 1.43.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 return on equity of 8.65% and a net margin of 8.17%. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the previous year, the company posted $8.79 earnings per share. The company's revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 42.95%.
Insider Buying and Selling at The Goldman Sachs Group
In other news, CFO Denis P. Coleman sold 12,680 shares of the company's stock in a transaction on Friday, February 23rd. The stock was 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 in the company, valued at $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company's stock in a transaction dated 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 completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was 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 owns 29,417 shares of the company's stock, valued at $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On The Goldman Sachs Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in The Goldman Sachs Group by 6.0% during the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company's stock worth $2,319,470,000 after acquiring an additional 338,181 shares during the last quarter. Morgan Stanley grew its stake in shares of 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 buying an additional 412,383 shares in the last quarter. Fisher Asset Management LLC grew its stake in The Goldman Sachs Group by 2.8% during 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 buying an additional 27,524 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in The Goldman Sachs Group by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company's stock worth $1,910,897,000 after buying an additional 274,989 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.
The Goldman Sachs Group Company Profile
(
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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.
Further Reading
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