The Goldman Sachs Group (NYSE:GS) Shares Down 0% – What’s Next?

The Goldman Sachs Group, Inc. (NYSE:GS)’s share price was down 0% during trading on Thursday . The company traded as low as $603.28 and last traded at $605.43. Approximately 1,424,558 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 2,222,044 shares. The stock had previously closed at $605.50.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group increased their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a report on Tuesday. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Bank of America raised their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays upped their price target on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $550.63.

The Goldman Sachs Group Stock Performance

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 firm has a market cap of $190.05 billion, a P/E ratio of 17.76, a P/E/G ratio of 0.88 and a beta of 1.35. The business has a fifty day simple moving average of $536.69 and a 200-day simple moving average of $497.33.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same period last year, the business earned $5.47 EPS. The Goldman Sachs Group’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 1.98%. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Buying and Selling

In related news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,390 shares of company stock worth $6,656,119 in the last 90 days. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in shares of The Goldman Sachs Group by 1.8% during the 1st quarter. Janus Henderson Group PLC now owns 57,734 shares of the investment management company’s stock valued at $24,114,000 after acquiring an additional 1,002 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in The Goldman Sachs Group by 13.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,294 shares of the investment management company’s stock worth $540,000 after purchasing an additional 150 shares during the last quarter. LRI Investments LLC bought a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $80,000. Atria Investments Inc raised its stake in The Goldman Sachs Group by 3.3% during the 1st quarter. Atria Investments Inc now owns 19,379 shares of the investment management company’s stock valued at $8,093,000 after buying an additional 612 shares during the last quarter. Finally, PGGM Investments lifted its holdings in shares of The Goldman Sachs Group by 341.8% during the 1st quarter. PGGM Investments now owns 11,527 shares of the investment management company’s stock valued at $4,815,000 after buying an additional 8,918 shares during the period. Hedge funds and other 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.