John B. Hess Acquires 3,904 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) Director John B. Hess purchased 3,904 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

The Goldman Sachs Group Trading Down 1.4 %

GS stock traded down $7.27 on Monday, hitting $502.22. 2,857,949 shares of the company were exchanged, compared to its average volume of 2,376,850. The stock has a market capitalization of $156.71 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The business's fifty day moving average is $561.96 and its two-hundred day moving average is $573.40. The Goldman Sachs Group, Inc. has a twelve month low of $404.57 and a twelve month high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the firm posted $11.58 EPS. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $30,000. Godsey & Gibb Inc. lifted its position in shares of The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. decreased their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. UBS Group lifted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Evercore ISI dropped their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $593.40.

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.