The Goldman Sachs Group (NYSE:GS) Sets New 1-Year High at $443.57

The Goldman Sachs Group, Inc. (NYSE:GS)’s share price reached a new 52-week high on Monday . The company traded as high as $443.57 and last traded at $443.43, with a volume of 324236 shares changing hands. The stock had previously closed at $438.18.

Analysts Set New Price Targets

A number of analysts recently weighed in on GS shares. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target for the company in a report on Tuesday, April 16th. Bank of America upped their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. HSBC raised their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets increased their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $437.04.

The Goldman Sachs Group Price Performance

The stock’s 50 day simple moving average is $404.59 and its 200 day simple moving average is $375.20. The firm has a market capitalization of $143.98 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.38 and a beta of 1.40. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12.

The Goldman Sachs Group (NYSE:GS) last issued its 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 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 quarter in the prior year, the business posted $8.79 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now directly 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. Over the last 90 days, insiders have sold 29,330 shares of company stock valued at $11,713,578. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Several large investors have recently bought and sold shares of GS. First Personal Financial Services bought a new position in shares of The Goldman Sachs Group during the first quarter worth about $25,000. Versant Capital Management Inc boosted its position in The Goldman Sachs Group by 106.3% during the 1st 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. First United Bank & Trust bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Pineridge Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at $29,000. Finally, LifeSteps Financial Inc. purchased a new position in The Goldman Sachs Group during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds 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.