The Goldman Sachs Group (NYSE:GS) Shares Down 0.7% - Should You Sell?

Shares of The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) were down 0.7% during trading on Tuesday . The company traded as low as $575.51 and last traded at $583.61. Approximately 453,862 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 2,216,738 shares. The stock had previously closed at $587.99.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GS shares. Wolfe Research raised shares of The Goldman Sachs Group to a "hold" rating in a research report on Wednesday, September 18th. UBS Group upped their price target on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $535.75.

The Goldman Sachs Group Price Performance

The stock has a market capitalization of $182.49 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 0.86 and a beta of 1.35. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The business's 50 day simple moving average is $520.09 and its 200-day simple moving average is $490.31.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.89 by $1.51. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $5.47 earnings per share. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.06%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 35.21%.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the transaction, the executive vice president now owns 57,614 shares of the company's stock, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,390 shares of company stock valued at $6,656,119. 0.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GS. POM Investment Strategies LLC bought a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Semmax Financial Advisors Inc. bought a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. raised its holdings in The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company's stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company's stock worth $29,000 after purchasing an additional 63 shares during the last quarter. Institutional investors 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.

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