The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) Director John B. Hess bought 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
The Goldman Sachs Group Price Performance
Shares of The Goldman Sachs Group stock opened at $509.83 on Friday. The stock has a market cap of $159.09 billion, a P/E ratio of 12.57, a P/E/G ratio of 0.89 and a beta of 1.33. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock's fifty day moving average is $564.71 and its 200 day moving average is $572.11. The Goldman Sachs Group, Inc. has a one year low of $402.41 and a one year high of $672.19.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter last year, the company earned $11.58 earnings per share. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 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 Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.
Institutional Trading of The Goldman Sachs Group
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Consulting LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Godsey & Gibb Inc. raised its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the period. Finally, Transce3nd LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $31,000. 71.21% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on GS. Barclays decreased their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. JMP Securities lowered their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday. Finally, Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $593.40.
Check Out Our Latest Stock Report on The Goldman Sachs Group
About The Goldman Sachs Group
(
Get Free Report)
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.
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