The Goldman Sachs Group (NYSE:GS) Stock Price Down 0%

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report)'s stock price traded down 0% during mid-day trading on Thursday . The company traded as low as $457.00 and last traded at $457.25. 275,135 shares were traded during trading, a decline of 88% from the average session volume of 2,264,861 shares. The stock had previously closed at $457.43.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an "overweight" rating in a report on Tuesday, April 16th. Bank of America boosted their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. BMO Capital Markets boosted their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 16th. Oppenheimer boosted their price target on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada boosted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Moderate Buy" and an average price target of $440.57.

The Goldman Sachs Group Stock Performance

The stock has a 50-day simple moving average of $443.33 and a 200-day simple moving average of $405.92. The company has a market capitalization of $147.67 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $14.21 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $8.79 EPS. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 36.63 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. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 42.95%.

Insider Activity at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company's stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director David A. Viniar sold 5,000 shares of the company's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company's stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now owns 12,981,022 shares of the company's stock, valued at $82,299,679.48. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GS. First Personal Financial Services acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at $25,000. First United Bank & Trust acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $26,000. Versant Capital Management Inc grew its holdings in The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company's stock worth $28,000 after acquiring an additional 34 shares during the period. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC grew its holdings in The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company's stock worth $31,000 after acquiring an additional 44 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

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.