Goldman Sachs' profits miss forecasts as trading struggled

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Overall, Goldman's trading revenue, its biggest contributer to total revenue, dropped 2 percent to $3.36 billion.

Shares of Goldman Sachs sank 3 percent in pre-market trading to $219.99.

To take some of the sting out of the missed estimates, Goldman raised its quarterly dividend from $0.65 per share to $0.75.

On 2/16/2017 Alan M Cohen, EVP, sold 5,599 with an average share price of $250.16 per share and the total transaction amounting to $1,400,645.84.

Wilson's resignation came a week after the publication of a highly negative report by short-seller Glaucus Research Group that knocked shares in Quintis down 24 percent. (The) by 14.3% in the third quarter. Company insiders own 2.61% of the company's stock. Investors bought 8,747 call options on the stock. The Relative Volume value measured for The Goldman Sachs Group, Inc.

Goldman Sachs CEO Lloyd Blankfein has delivered a clunker. Goldman Sachs Group Inc has a 52-week low of $138.20 and a 52-week high of $255.15. (GS) now has a consensus Price Target of $250.63. (GS)'s distance from 200 day simple moving average is 6.66 percent, its distance from 50 day simple moving average is -10.22 percent, while its distance from 20 day simple moving average is -5.96 percent. Goldman Sachs Group's dividend payout ratio is presently 15.89%. (The) (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 18th. Analysts polled by Thomson Reuters had expected Goldman Sachs to earn $5.31 a share on revenue of $8.45 billion. Analysts had been expecting adjusted earnings of $5.33 a share on revenue of $8.32 billion.

Goldman noted that its return on equity (RoE) in the latest period was 11.4%.

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Goldman reported a middling performance in its institutional client business, with net revenues down two percent from the year-ago period. Analysts forecast that Goldman Sachs Group will post $19.59 earnings per share for the current year. The new rate will be paid on June 29 to shareholders of record as of June 1. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.16%. Goldman Sachs Group's dividend payout ratio (DPR) is now 15.89%.

Several research analysts have commented on GS shares. Macquarie upgraded shares of Goldman Sachs Group, Inc.

Book value per common share was $184.98 and tangible book value per common share was $175.05, both based on basic shares of 409.3 million as of March 31, 2017. For the last period, the company reported quarter over quarter EPS growth of -56.10% and quarter over quarter sales growth of -0.30%. While JPMorgan Chase & Co. and Citigroup Inc. also reported similar results on trading. Vetr cut shares of Goldman Sachs Group, Inc. Deutsche Bank AG reaffirmed a "buy" rating on shares of Goldman Sachs Group in a report on Friday, December 23rd.

4/6/2017-Keefe, Bruyette & Woods Reiterated Rating of Outperform.

JMP has a market perform rating on the stock. The stock has an average rating of "Hold" and a consensus target price of $223.77.

In other Goldman Sachs Group, Inc.

A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. These holdings make up 73.43% of the company's outstanding shares. Assets under supervision fell 0.4 per cent from the end of the year to US$1.37 trillion. GS stock is now stuck below two critical technical levels, and a round of bearish brokerage notes could create more pressure for the financial shares. The disclosure for this sale can be found here.

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