The Goldman Sachs Group (NYSE:GS) Trading Down 0%

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report)'s share price traded down 0% during mid-day trading on Tuesday . The stock traded as low as $426.00 and last traded at $430.76. 499,201 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 2,362,515 shares. The stock had previously closed at $430.81.

Analyst Ratings Changes

A number of equities analysts have recently commented on GS shares. Royal Bank of Canada lifted their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 16th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a "neutral" rating to an "outperform" rating and upped their price target for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Evercore ISI raised their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 16th. Barclays upped their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an "overweight" rating in a report on Tuesday, January 2nd. Finally, Oppenheimer raised 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. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $437.04.

The Goldman Sachs Group Price Performance

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 business has a 50 day simple moving average of $402.04 and a 200-day simple moving average of $372.58. The firm has a market cap of $138.48 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.35 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the company posted $8.79 earnings per share. The Goldman Sachs Group's revenue was up 16.1% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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 $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.58%. The Goldman Sachs Group's dividend payout ratio is currently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred 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 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 through this link. In other news, CFO Denis P. Coleman sold 12,680 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was 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 directly owns 29,417 shares of the company's stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business'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 transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds have recently modified their holdings of the stock. Longbow Finance SA purchased a new stake in The Goldman Sachs Group in the 1st quarter worth about $4,319,000. Norden Group LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $220,000. HB Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 3.2% in the 1st quarter. HB Wealth Management LLC now owns 7,456 shares of the investment management company's stock worth $3,115,000 after buying an additional 231 shares during the period. SpiderRock Advisors LLC purchased a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $1,193,000. Finally, Concord Wealth Partners lifted its position in shares of The Goldman Sachs Group by 8.1% during the first quarter. Concord Wealth Partners now owns 2,952 shares of the investment management company's stock worth $1,233,000 after acquiring an additional 221 shares in the last quarter. 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.