The Goldman Sachs Group (NYSE:GS) Reaches New 1-Year High at $419.30

The Goldman Sachs Group, Inc. (NYSE:GS) hit a new 52-week high during trading on Tuesday . The company traded as high as $419.30 and last traded at $418.66, with a volume of 396310 shares trading hands. The stock had previously closed at $417.35.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. 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 research note on Tuesday, January 2nd. Citigroup upped their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. UBS Group upped their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, JMP Securities upped their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Stock Up 1.2 %

The firm has a fifty day moving average price of $396.92 and a 200 day moving average price of $367.80. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The company has a market cap of $137.03 billion, a P/E ratio of 16.43, a PEG ratio of 1.30 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (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 analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $8.79 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the 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 transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction 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 firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. First United Bank & Trust bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Versant Capital Management Inc grew its holdings in shares of The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Cambridge Trust Co. grew its holdings in shares of The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares in the last quarter. Pineridge Advisors LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC grew its stake in 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 valued at $31,000 after purchasing an additional 44 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

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.