The Goldman Sachs Group, Inc. Plans Quarterly Dividend of $4.50 (NYSE:GS)

Key Points

• Goldman Sachs declared a quarterly dividend of $4.50 per share (annualized $18.00), implying a ~2.0% yield; the ex-dividend and record date is June 1 and the dividend is payable June 29.
• The firm beat quarterly expectations with EPS of $17.55 versus $15.92 expected and revenue of $17.23B versus $16.66B expected, with revenue up 14.4% year‑over‑year and a net margin of 13.73%.
• Insiders have been net sellers recently: CFO Denis Coleman sold 11,623 shares (~$10.94M) and insiders disposed of 117,283 shares (~$112.0M) over the past 90 days, leaving insiders with about 0.55% ownership.

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) declared a quarterly dividend on Monday, April 13th. Investors of record on Monday, June 1st will be paid a dividend of 4.50 per share by the investment management company on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, June 1st.

The Goldman Sachs Group has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 13 years. The Goldman Sachs Group has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Goldman Sachs Group to earn $52.07 per share next year, which means the company should continue to be able to cover its $18.00 annual dividend with an expected future payout ratio of 34.6%.

The Goldman Sachs Group Price Performance

GS opened at $890.88 on Tuesday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $262.80 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.19 and a beta of 1.32. The company's 50-day simple moving average is $869.32 and its two-hundred day simple moving average is $855.18. The Goldman Sachs Group has a 52-week low of $492.69 and a 52-week high of $984.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analysts' expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $14.12 EPS. As a group, analysts predict that The Goldman Sachs Group will post 47.12 EPS for the current year.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 11,623 shares of the firm's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the completion of the sale, the chief financial officer directly owned 29,342 shares in the company, valued at $27,627,546.94. This trade represents a 28.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Carey Halio sold 2,846 shares of the firm's stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the sale, the treasurer owned 2,017 shares of the company's stock, valued at approximately $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 117,283 shares of company stock valued at $112,016,033 over the last 90 days. 0.55% of the stock is currently owned by insiders.

Institutional Trading of The Goldman Sachs Group

A number of institutional investors have recently bought and sold shares of GS. Hartline Investment Corp lifted its position in shares of The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company's stock worth $1,132,000 after purchasing an additional 860 shares during the last quarter. A4 Wealth Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter worth $940,000. Stevens Capital Management LP purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at $1,392,000. Meridian Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 39.4% during the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company's stock valued at $1,857,000 after buying an additional 659 shares during the period. Finally, AlTi Global Inc. increased its stake in shares of The Goldman Sachs Group by 87.3% during the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company's stock valued at $23,707,000 after buying an additional 13,879 shares during the period. 71.21% of the stock is currently owned by institutional investors.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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