The Goldman Sachs Group, Inc. (GS) To Go Ex-Dividend on September 1st

The Goldman Sachs Group, Inc. (NYSE:GS) declared a quarterly dividend on Monday, July 13th. Shareholders of record on Tuesday, September 1st will be given a dividend of 5.00 per share by the investment management company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. This is a 11.1% increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50.

The Goldman Sachs Group has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 13 years. The Goldman Sachs Group has a dividend payout ratio of 39.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Goldman Sachs Group to earn $72.27 per share next year, which means the company should continue to be able to cover its $20.00 annual dividend with an expected future payout ratio of 27.7%.

The Goldman Sachs Group Price Performance

GS stock opened at $1,034.35 on Friday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50 day simple moving average of $1,048.89 and a 200-day simple moving average of $968.57. The firm has a market capitalization of $301.17 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. The Goldman Sachs Group has a 1 year low of $721.16 and a 1 year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the firm earned $10.91 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group will post 68.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sky Investment Group LLC increased its holdings in The Goldman Sachs Group by 0.9% in the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock valued at $1,181,000 after purchasing an additional 10 shares during the last quarter. Warren Street Wealth Advisors LLC boosted its holdings in The Goldman Sachs Group by 3.9% during the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock worth $272,000 after buying an additional 10 shares during the last quarter. Pines Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock worth $2,255,000 after buying an additional 11 shares during the period. Welch & Forbes LLC grew its position in shares of The Goldman Sachs Group by 0.8% during the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock worth $1,257,000 after buying an additional 11 shares during the period. Finally, First Financial Group Corp increased its stake in shares of The Goldman Sachs Group by 4.7% in the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock valued at $208,000 after acquiring an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.