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

The Goldman Sachs Group, Inc. (NYSE:GS)’s stock price reached a new 52-week high on Tuesday . The stock 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 Ratings Changes

Several equities analysts have weighed in on the stock. Barclays boosted their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Royal Bank of Canada boosted their price target on shares of 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. Finally, Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Stock Performance

The firm’s 50 day moving average is $398.72 and its two-hundred day moving average is $368.96. The stock has a market capitalization of $137.29 billion, a PE ratio of 16.52, a P/E/G ratio of 1.34 and a beta of 1.43. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter in the previous year, the business posted $8.79 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. As a group, research analysts predict 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. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insiders Place Their Bets

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 shares were 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 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. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction 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 transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were 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 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. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GS. Private Trust Co. NA boosted its stake in The Goldman Sachs Group by 9.4% during the 1st quarter. Private Trust Co. NA now owns 3,048 shares of the investment management company’s stock worth $1,273,000 after purchasing an additional 261 shares during the period. Leavell Investment Management Inc. boosted its stake in The Goldman Sachs Group by 22.9% during the 1st quarter. Leavell Investment Management Inc. now owns 1,074 shares of the investment management company’s stock worth $449,000 after purchasing an additional 200 shares during the period. Patton Albertson Miller Group LLC boosted its stake in The Goldman Sachs Group by 8.1% during the 1st quarter. Patton Albertson Miller Group LLC now owns 17,084 shares of the investment management company’s stock worth $7,136,000 after purchasing an additional 1,285 shares during the period. Zhang Financial LLC boosted its stake in The Goldman Sachs Group by 45.6% during the 1st quarter. Zhang Financial LLC now owns 3,459 shares of the investment management company’s stock worth $1,445,000 after purchasing an additional 1,084 shares during the period. Finally, Verity & Verity LLC boosted its stake in The Goldman Sachs Group by 26,378.2% during the 1st quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock worth $170,000 after purchasing an additional 406,224 shares during the period. Institutional investors and hedge funds 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.