Goldman Sachs Group Inc (GS) Insider Sells $1,458,794.96 in Stock
Goldman Sachs Group Inc (NYSE:GS) insider David M. Solomon sold 6,104 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,458,794.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Goldman Sachs Group Inc (NYSE GS) opened at $235.95 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a fifty-two week low of $209.60 and a fifty-two week high of $255.15. The firm has a market capitalization of $89,181.75, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.20 and a beta of 1.48.
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, topping analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter in the previous year, the firm earned $4.88 EPS. Goldman Sachs Group’s revenue was up 2.0% on a year-over-year basis. equities research analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current fiscal year.
The firm 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. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.27%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.63%.
Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP raised its holdings in shares of Goldman Sachs Group by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after buying an additional 27,121 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Goldman Sachs Group by 29.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after buying an additional 4,714 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Goldman Sachs Group by 23.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after buying an additional 152 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Goldman Sachs Group by 33.1% during the 2nd quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock worth $87,090,000 after buying an additional 97,532 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth $42,536,000. 74.01% of the stock is owned by institutional investors.
GS has been the subject of several recent research reports. Royal Bank Of Canada restated 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 boosted their price target on Goldman Sachs Group from $265.00 to $287.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods restated 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 restated 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 Goldman Sachs Group and gave the company a “buy” rating in a research note on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $245.06.
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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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