The Goldman Sachs Group (NYSE:GS) Stock Price Down 1.3% – Time to Sell?

The Goldman Sachs Group, Inc. (NYSE:GS)’s stock price traded down 1.3% during trading on Monday . The company traded as low as $584.72 and last traded at $586.04. 309,732 shares were traded during mid-day trading, a decline of 86% from the average session volume of 2,217,702 shares. The stock had previously closed at $593.54.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. JMP Securities increased their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Barclays increased their target price on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $535.75.

The Goldman Sachs Group Trading Down 1.3 %

The firm has a market cap of $183.95 billion, a P/E ratio of 17.29, a PEG ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50 day moving average of $518.10 and a 200 day moving average of $489.21.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the prior year, the firm earned $5.47 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid 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 2.05%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is currently owned by insiders.

Institutional Trading of The Goldman Sachs Group

A number of institutional investors have recently modified their holdings of the company. Waddell & Associates LLC increased its position in shares of The Goldman Sachs Group by 2.1% during the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after acquiring an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC increased its position in shares of The Goldman Sachs Group by 0.7% during the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after acquiring an additional 18 shares in the last quarter. Waldron Private Wealth LLC increased its position in shares of The Goldman Sachs Group by 0.8% during the second quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock valued at $1,085,000 after acquiring an additional 20 shares in the last quarter. First Pacific Financial increased its position in shares of The Goldman Sachs Group by 0.6% during the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after acquiring an additional 20 shares in the last quarter. Finally, Krane Funds Advisors LLC grew its position in The Goldman Sachs Group by 1.7% in the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock worth $583,000 after purchasing an additional 20 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

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.