The Goldman Sachs Group (NYSE:GS) Stock Price Up 0.7%

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) rose 0.7% on Friday . The company traded as high as $408.00 and last traded at $405.87. Approximately 650,372 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 2,345,753 shares. The stock had previously closed at $403.11.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday. Citigroup lifted their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, 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 research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Trading Up 0.2 %

The company has a 50 day moving average of $396.03 and a 200 day moving average of $365.61. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The firm has a market cap of $131.15 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.31 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.79 EPS. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.15 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’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 owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction on 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 owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders sold a total of 35,907 shares of company stock worth $13,950,851 over the last 90 days. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GS. First United Bank & Trust bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Cambridge Trust Co. increased its holdings in The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Pineridge Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC increased its holdings in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

About The Goldman Sachs Group

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.