Goldman Sachs Group, Inc. (The) (NYSE:GS) saw unusually large options trading on Friday. Stock traders purchased 36,096 call options on the stock. This represents an increase of approximately 195% compared to the typical daily volume of 12,236 call options.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 229.79 on Monday. Goldman Sachs Group, Inc. has a 12-month low of $156.18 and a 12-month high of $255.15. The stock’s 50 day moving average price is $224.01 and its 200-day moving average price is $229.94. The firm has a market capitalization of $92.58 billion, a P/E ratio of 12.05 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.25%. The company had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same quarter last year, the business posted $3.72 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.31%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 18th that permits the company to repurchase 50,000,000 outstanding shares. This repurchase authorization permits the investment management company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

GS has been the topic of several recent analyst reports. HSBC Holdings plc reiterated a “buy” rating and set a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, April 25th. UBS AG reissued a “buy” rating and set a $285.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Bank of America Corporation decreased their price target on Goldman Sachs Group, Inc. (The) from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. Credit Suisse Group reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Saturday, May 6th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and an average target price of $235.25.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the transaction, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. New England Asset Management Inc. raised its stake in shares of Goldman Sachs Group, Inc. (The) by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after buying an additional 1,900,000 shares during the period. Alliancebernstein L.P. raised its stake in shares of Goldman Sachs Group, Inc. (The) by 84.4% in the first quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock valued at $739,978,000 after buying an additional 1,474,433 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) by 22,290.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock valued at $5,016,000 after buying an additional 1,108,079 shares during the period. Finally, FMR LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after buying an additional 1,084,624 shares during the period. Hedge funds and other institutional investors own 73.72% of the company’s stock.

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About Goldman Sachs Group, Inc. (The)

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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