The Goldman Sachs Group, Inc. (NYSE:GS) Declares Quarterly Dividend of $4.50

The Goldman Sachs Group, Inc. (NYSE:GS) declared a quarterly dividend on Thursday, January 15th. Shareholders of record on Monday, March 2nd will be paid a dividend of 4.50 per share by the investment management company on Monday, March 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, March 2nd. This is a 12.5% increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00.

The Goldman Sachs Group has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 13 years. The Goldman Sachs Group has a payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Equities 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 $16.00 annual dividend with an expected future payout ratio of 30.7%.

The Goldman Sachs Group Stock Up 4.5%

NYSE:GS opened at $975.01 on Friday. The Goldman Sachs Group has a twelve month low of $439.38 and a twelve month high of $981.26. The stock has a fifty day simple moving average of $865.06 and a 200-day simple moving average of $790.69. The company has a market cap of $292.43 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 0.99 and a beta of 1.33. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Thursday, January 15th. The investment management company reported $14.01 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.49. The business had revenue of $13.45 billion for the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $11.95 EPS. Analysts anticipate that The Goldman Sachs Group will post 47.12 EPS for the current year.

Institutional Investors Weigh In On The Goldman Sachs Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GS. Brighton Jones LLC boosted its position in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares in the last quarter. Fiduciary Alliance LLC boosted its holdings in The Goldman Sachs Group by 9.1% during the second quarter. Fiduciary Alliance LLC now owns 1,337 shares of the investment management company’s stock worth $946,000 after buying an additional 111 shares in the last quarter. Balefire LLC purchased a new position in The Goldman Sachs Group in the second quarter valued at $415,000. Finally, Pallas Capital Advisors LLC raised its position in shares of The Goldman Sachs Group by 12.0% in the second quarter. Pallas Capital Advisors LLC now owns 1,649 shares of the investment management company’s stock worth $1,167,000 after acquiring an additional 177 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.