Goldman Sachs Group Inc (NYSE:GS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $256.83 and last traded at $256.90, with a volume of 1700420 shares. The stock had previously closed at $250.13.

A number of equities analysts recently issued reports on GS shares. Royal Bank of Canada reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research note on Thursday, August 31st. Morgan Stanley increased their price target on shares of Goldman Sachs Group from $265.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research note on Thursday, October 19th. JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group in a research note on Wednesday, September 13th. Finally, J P Morgan Chase & Co set a $260.00 price target on shares of Goldman Sachs Group and gave the stock a “buy” rating in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $246.10.

The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $94,349.41, a price-to-earnings ratio of 13.03, a P/E/G ratio of 1.27 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter in the prior year, the company posted $4.88 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. sell-side analysts forecast that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.63%.

In related news, insider David M. Solomon sold 12,707 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,177 shares of company stock worth $32,435,160. Corporate insiders own 2.57% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. MV Capital Management Inc. lifted its position in Goldman Sachs Group by 0.5% during the second quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 3 shares during the period. Geller Family Office Services LLC raised its position in Goldman Sachs Group by 0.3% in the second quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after acquiring an additional 3 shares during the period. Hudock Capital Group LLC raised its position in Goldman Sachs Group by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after acquiring an additional 4 shares during the period. FTB Advisors Inc. raised its position in Goldman Sachs Group by 0.3% in the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after acquiring an additional 5 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. raised its position in Goldman Sachs Group by 0.7% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock worth $202,000 after acquiring an additional 6 shares during the period. Institutional investors own 73.35% of the company’s stock.

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About Goldman Sachs Group

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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