The Goldman Sachs Group, Inc. (NYSE:GS) Declares Quarterly Dividend of $3.00

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) declared a quarterly dividend on Tuesday, April 15th, Wall Street Journal reports. Investors of record on Friday, May 30th will be given a dividend of 3.00 per share by the investment management company on Friday, June 27th. This represents a $12.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, May 30th.

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The Goldman Sachs Group has increased its dividend payment by an average of 21.0% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. The Goldman Sachs Group has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Goldman Sachs Group to earn $52.07 per share next year, which means the company should continue to be able to cover its $12.00 annual dividend with an expected future payout ratio of 23.0%.

The Goldman Sachs Group Trading Up 0.9 %

Shares of NYSE GS traded up $4.51 on Tuesday, reaching $508.49. 1,876,233 shares of the company traded hands, compared to its average volume of 2,401,096. The stock has a market capitalization of $158.67 billion, a PE ratio of 12.53, a P/E/G ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group has a fifty-two week low of $395.18 and a fifty-two week high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a 50 day moving average of $573.63 and a 200 day moving average of $572.96.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the prior year, the business posted $11.58 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Kevin R. Johnson purchased 2,400 shares of the company's stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the transaction, the director now owns 2,400 shares of the company's stock, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company's stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

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An institutional investor recently raised its position in The Goldman Sachs Group stock. Brighton Jones LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 17.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,474 shares of the investment management company's stock after acquiring an additional 508 shares during the quarter. Brighton Jones LLC's holdings in The Goldman Sachs Group were worth $1,989,000 at the end of the most recent quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JMP Securities reduced their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Barclays reduced their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $585.38.

Get Our Latest Report on The Goldman Sachs Group

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.

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