The Goldman Sachs Group, Inc. (NYSE:GS) Director David A. Viniar Sells 5,000 Shares

The Goldman Sachs Group, Inc. (NYSE:GS) Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $0.24 during trading hours on Wednesday, hitting $426.95. The company’s stock had a trading volume of 1,739,660 shares, compared to its average volume of 2,372,407. The company has a 50 day moving average of $402.04 and a 200 day moving average of $372.58. The stock has a market cap of $138.56 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $433.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted $8.79 earnings per share. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Wall Street Analyst Weigh In

GS has been the topic of several research reports. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Oppenheimer raised their target price on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Bank of America raised their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada raised their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.04.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ascent Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 7.4% during the 1st quarter. Ascent Wealth Partners LLC now owns 6,973 shares of the investment management company’s stock worth $2,912,000 after purchasing an additional 478 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in The Goldman Sachs Group by 1.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,729 shares of the investment management company’s stock valued at $32,467,000 after acquiring an additional 1,440 shares during the last quarter. Horan Capital Advisors LLC. acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at about $202,000. Avior Wealth Management LLC grew its stake in The Goldman Sachs Group by 12.1% in the 1st quarter. Avior Wealth Management LLC now owns 12,218 shares of the investment management company’s stock valued at $5,104,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Mission Wealth Management LP grew its stake in The Goldman Sachs Group by 61.8% in the 1st quarter. Mission Wealth Management LP now owns 2,087 shares of the investment management company’s stock valued at $872,000 after acquiring an additional 797 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, 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.