The Goldman Sachs Group (NYSE:GS) Stock Price Up 0.4% - What's Next?

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report)'s share price rose 0.4% during mid-day trading on Monday . The stock traded as high as $554.50 and last traded at $546.86. Approximately 372,662 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 2,365,362 shares. The stock had previously closed at $544.86.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a research report on Friday, April 4th. Finally, UBS Group raised their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $175.90 billion, a PE ratio of 13.91, a PEG ratio of 0.89 and a beta of 1.33. The firm's 50-day simple moving average is $541.66 and its 200-day simple moving average is $574.50.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter last year, the firm posted $11.58 earnings per share. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.13%. The Goldman Sachs Group's payout ratio is presently 27.85%.

Insider Activity

In related news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of hedge funds have recently made changes to their positions in GS. Anchor Investment Management LLC boosted its stake in The Goldman Sachs Group by 29.1% in the third quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company's stock valued at $2,094,000 after acquiring an additional 953 shares in the last quarter. World Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 15.2% in the 3rd quarter. World Investment Advisors LLC now owns 4,185 shares of the investment management company's stock worth $2,072,000 after purchasing an additional 552 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in The Goldman Sachs Group by 18.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,563 shares of the investment management company's stock worth $4,240,000 after buying an additional 1,351 shares during the last quarter. Tidal Investments LLC raised its stake in The Goldman Sachs Group by 6.3% in the third quarter. Tidal Investments LLC now owns 11,691 shares of the investment management company's stock valued at $5,788,000 after buying an additional 688 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in The Goldman Sachs Group by 4.7% in the third quarter. Synovus Financial Corp now owns 15,998 shares of the investment management company's stock worth $7,920,000 after acquiring an additional 724 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

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.