The Goldman Sachs Group (NYSE:GS) Stock Price Up 1.4%

The Goldman Sachs Group, Inc. (NYSE:GS)’s share price shot up 1.4% on Friday . The company traded as high as $465.25 and last traded at $464.73. 368,836 shares were traded during mid-day trading, a decline of 84% from the average session volume of 2,331,042 shares. The stock had previously closed at $458.15.

Wall Street Analysts Forecast Growth

GS has been the topic of several research reports. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Royal Bank of Canada increased their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Bank of America upped their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI lifted their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $440.57.

The Goldman Sachs Group Stock Up 0.7 %

The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $148.71 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.93 and a beta of 1.40. The firm has a 50-day moving average price of $425.16 and a two-hundred day moving average price of $390.67.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.79 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 36.57 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Activity

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Several institutional investors and hedge funds have recently bought and sold shares of GS. Cetera Advisor Networks LLC raised its position in The Goldman Sachs Group by 3.5% during the first quarter. Cetera Advisor Networks LLC now owns 45,097 shares of the investment management company’s stock valued at $18,837,000 after purchasing an additional 1,516 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 264.8% during the 1st quarter. Cetera Advisors LLC now owns 42,292 shares of the investment management company’s stock worth $17,665,000 after buying an additional 30,698 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of The Goldman Sachs Group by 151.3% during the 1st quarter. Cetera Investment Advisers now owns 93,616 shares of the investment management company’s stock worth $39,103,000 after buying an additional 56,363 shares during the last quarter. PGGM Investments boosted its stake in The Goldman Sachs Group by 341.8% in the first quarter. PGGM Investments now owns 11,527 shares of the investment management company’s stock valued at $4,815,000 after buying an additional 8,918 shares in the last quarter. Finally, BigSur Wealth Management LLC grew its position in The Goldman Sachs Group by 2.5% in the first quarter. BigSur Wealth Management LLC now owns 3,660 shares of the investment management company’s stock valued at $1,529,000 after acquiring an additional 90 shares during 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.