The Goldman Sachs Group (NYSE:GS) Trading Up 1.2%

The Goldman Sachs Group, Inc. (NYSE:GS) shares rose 1.2% on Monday . The stock traded as high as $410.42 and last traded at $408.87. Approximately 1,087,942 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 2,357,743 shares. The stock had previously closed at $404.00.

Wall Street Analyst Weigh In

GS has been the subject of several research reports. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. HSBC upped their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note 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 research note on Tuesday, January 2nd. Bank of America upped their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price 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, April 16th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $434.93.

The Goldman Sachs Group Stock Performance

The stock has a 50-day moving average of $397.82 and a 200 day moving average of $368.58. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The stock has a market capitalization of $137.51 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its 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 company had revenue of $14.21 billion during 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 company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $8.79 EPS. On average, analysts expect that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.60%. The Goldman Sachs Group’s 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 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 completion of the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of The Goldman Sachs Group by 13.7% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after purchasing an additional 20,018 shares in the last quarter. HTLF Bank bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $850,000. Wealth Alliance raised its stake in shares of The Goldman Sachs Group by 17.3% during the 4th quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock worth $399,000 after purchasing an additional 153 shares in the last quarter. Trueblood Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $989,000. Finally, TBH Global Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 2.0% during the 3rd quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock worth $1,190,000 after purchasing an additional 72 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.