Goldman Sachs Group Sees Unusually High Options Volume (GS)
Goldman Sachs Group Inc (NYSE:GS) was the recipient of some unusual options trading on Wednesday. Traders acquired 39,013 call options on the company. This is an increase of 173% compared to the typical daily volume of 14,303 call options.
Goldman Sachs Group (GS) opened at 213.31 on Friday. The stock has a market cap of $87.31 billion, a PE ratio of 11.35 and a beta of 1.50. Goldman Sachs Group has a one year low of $138.20 and a one year high of $255.15. The stock has a 50 day moving average price of $221.35 and a 200-day moving average price of $232.55.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, April 18th. The investment management company reported $5.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.31 by $0.16. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $8.33 billion. Goldman Sachs Group had a return on equity of 9.78% and a net margin of 24.17%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.68 EPS. Equities research analysts expect that Goldman Sachs Group will post $18.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 1st will be given a dividend of $0.75 per share. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.89%.
Several hedge funds have recently bought and sold shares of the company. Franklin Parlapiano Turner & Welch LLC purchased a new stake in Goldman Sachs Group during the first quarter valued at about $161,000. Piedmont Investment Advisors LLC raised its stake in Goldman Sachs Group by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 81,860 shares of the investment management company’s stock valued at $18,805,000 after buying an additional 710 shares in the last quarter. Ballentine Partners LLC raised its stake in Goldman Sachs Group by 31.2% in the first quarter. Ballentine Partners LLC now owns 1,612 shares of the investment management company’s stock valued at $370,000 after buying an additional 383 shares in the last quarter. HM Payson & Co. raised its stake in Goldman Sachs Group by 232.1% in the first quarter. HM Payson & Co. now owns 3,935 shares of the investment management company’s stock valued at $904,000 after buying an additional 2,750 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Goldman Sachs Group by 2.9% in the first quarter. Proficio Capital Partners LLC now owns 7,452 shares of the investment management company’s stock valued at $1,668,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds own 72.77% of the company’s stock.
GS has been the topic of a number of analyst reports. Vetr cut Goldman Sachs Group from a “hold” rating to a “strong sell” rating and set a $175.30 price objective on the stock. in a research report on Thursday, April 6th. Berenberg Bank cut Goldman Sachs Group from a “hold” rating to a “sell” rating and lifted their price objective for the company from $140.00 to $190.00 in a research report on Friday, February 24th. They noted that the move was a valuation call. Compass Point initiated coverage on Goldman Sachs Group in a research report on Wednesday, February 22nd. They set a “neutral” rating and a $250.00 price objective on the stock. Daiwa Capital Markets raised Goldman Sachs Group from a “hold” rating to an “outperform” rating in a research report on Tuesday, February 7th. Finally, Royal Bank of Canada lowered their price objective on Goldman Sachs Group to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $234.53.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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