The Goldman Sachs Group (NYSE:GS) Stock Price Down 1.9% - Should You Sell?

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report)'s stock price fell 1.9% on Monday . The stock traded as low as $498.33 and last traded at $499.69. 490,243 shares changed hands during trading, a decline of 84% from the average session volume of 2,989,577 shares. The stock had previously closed at $509.49.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GS shares. JMP Securities cut their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective 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 price objective on 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. Barclays reduced their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Stock Performance

The firm has a market cap of $167.96 billion, a PE ratio of 13.27, a P/E/G ratio of 0.89 and a beta of 1.33. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock's 50 day moving average price is $553.80 and its 200 day moving average price is $572.78.

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

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 yield of 2.23%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John B. Hess bought 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $911,000. SkyView Investment Advisors LLC raised its position in shares of The Goldman Sachs Group by 8.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company's stock worth $1,759,000 after purchasing an additional 286 shares during the period. Chelsea Counsel Co. grew its stake in The Goldman Sachs Group by 400.0% during the 3rd quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company's stock worth $186,000 after buying an additional 300 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $228,000. Finally, Anchor Investment Management LLC increased its position in The Goldman Sachs Group by 29.1% in the 3rd quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company's stock valued at $2,094,000 after acquiring an additional 953 shares during the period. Institutional investors 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.