The Goldman Sachs Group (NYSE:GS) Shares Down 0.1% After Insider Selling

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) fell 0.1% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $425.19 and last traded at $426.29. 343,525 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 2,354,987 shares. The stock had previously closed at $426.71.

Specifically, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock worth $11,713,578 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GS shares. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Royal Bank of Canada lifted 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 report on Tuesday, April 16th. Evercore ISI increased their price objective 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. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $437.04.

The Goldman Sachs Group Stock Up 1.3 %

The stock has a market cap of $142.24 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. 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 stock’s 50-day moving average is $403.65 and its 200-day moving average is $373.37.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating 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 business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the firm posted $8.79 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company 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 $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently modified their holdings of the company. FDx Advisors Inc. acquired a new stake in The Goldman Sachs Group during the first quarter valued at approximately $226,000. Catalina Capital Group LLC lifted its position in shares of The Goldman Sachs Group by 85.0% during the 1st quarter. Catalina Capital Group LLC now owns 1,598 shares of the investment management company’s stock valued at $667,000 after acquiring an additional 734 shares during the last quarter. TFB Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $231,000. Mediolanum International Funds Ltd bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth $14,595,000. Finally, Larson Financial Group LLC grew its holdings in shares of The Goldman Sachs Group by 53.1% in the 1st quarter. Larson Financial Group LLC now owns 767 shares of the investment management company’s stock worth $320,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds 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.