The Goldman Sachs Group, Inc. (NYSE:GS) Director David A. Viniar Sells 5,000 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GS) 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 through this link.

The Goldman Sachs Group Stock Down 0.0 %

Shares of The Goldman Sachs Group stock opened at $426.54 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The company’s fifty day simple moving average is $402.81 and its two-hundred day simple moving average is $372.96. The company has a market cap of $138.43 billion, a P/E ratio of 16.66, a PEG ratio of 1.35 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $433.43.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.79 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Royal Bank of Canada lifted their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research note on Tuesday, April 16th. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Finally, Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $437.04.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $1,903,374,000. Norges Bank purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $1,120,119,000. Congress Wealth Management LLC DE grew its position in shares of The Goldman Sachs Group by 27,076.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after buying an additional 650,918 shares during the period. Wellington Management Group LLP grew its position in shares of The Goldman Sachs Group by 27.0% in the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after buying an additional 464,954 shares during the period. Finally, Morgan Stanley grew its position in shares of The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after buying an additional 412,383 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

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.