The Goldman Sachs Group (NYSE:GS) Shares Down 0.9% – Time to Sell?

The Goldman Sachs Group, Inc. (NYSE:GS) shares traded down 0.9% during trading on Thursday . The company traded as low as $519.45 and last traded at $519.83. 253,988 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,186,066 shares. The stock had previously closed at $524.40.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GS shares. JMP Securities lifted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays increased their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $524.69.

The Goldman Sachs Group Stock Performance

The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.72 and a current ratio of 1.11. The stock has a market capitalization of $164.18 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.75 and a beta of 1.36. The firm’s 50 day moving average is $501.86 and its 200-day moving average is $475.93.

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 analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same period in the previous year, the company posted $5.47 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.31%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated 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 sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

Several hedge funds have recently modified their holdings of the stock. Graypoint LLC increased its holdings in The Goldman Sachs Group by 2.9% during the 3rd quarter. Graypoint LLC now owns 4,989 shares of the investment management company’s stock worth $2,470,000 after purchasing an additional 139 shares during the period. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $366,000. Forte Capital LLC ADV raised its holdings in shares of The Goldman Sachs Group by 12.7% in the 3rd quarter. Forte Capital LLC ADV now owns 942 shares of the investment management company’s stock valued at $466,000 after purchasing an additional 106 shares in the last quarter. Donald L. Hagan LLC lifted its position in shares of The Goldman Sachs Group by 4.0% during the 3rd quarter. Donald L. Hagan LLC now owns 2,076 shares of the investment management company’s stock worth $1,028,000 after purchasing an additional 80 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 10.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,751 shares of the investment management company’s stock valued at $2,352,000 after acquiring an additional 432 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

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.