Goldman Sachs Group Inc. (NYSE:GS) insider Sarah G. Smith sold 2,664 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $180.00, for a total transaction of $479,520.00. Following the transaction, the insider now owns 13,075 shares of the company’s stock, valued at $2,353,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Goldman Sachs Group Inc. (NYSE:GS) opened at 200.87 on Friday. The stock’s 50 day moving average is $171.55 and its 200-day moving average is $162.27. Goldman Sachs Group Inc. has a 12-month low of $138.20 and a 12-month high of $204.67. The stock has a market cap of $84.12 billion, a PE ratio of 16.12 and a beta of 1.55.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.79 by $1.09. The firm earned $8.17 billion during the quarter, compared to analyst estimates of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned $4.51 EPS. Equities analysts expect that Goldman Sachs Group Inc. will post $15.64 EPS for the current year.

Insider Buying and Selling by Quarter for Goldman Sachs Group (NYSE:GS)

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be issued a $0.65 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $2.60 annualized dividend and a dividend yield of 1.29%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 20.72%.

Several large investors have recently added to or reduced their stakes in GS. Jennison Associates LLC raised its stake in shares of Goldman Sachs Group by 237.3% in the third quarter. Jennison Associates LLC now owns 4,371,336 shares of the investment management company’s stock worth $704,965,000 after buying an additional 3,075,277 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Goldman Sachs Group by 693.1% in the third quarter. Fisher Asset Management LLC now owns 1,971,845 shares of the investment management company’s stock worth $318,000,000 after buying an additional 1,723,214 shares during the last quarter. Dodge & Cox raised its stake in shares of Goldman Sachs Group by 11.4% in the second quarter. Dodge & Cox now owns 15,020,855 shares of the investment management company’s stock worth $2,231,799,000 after buying an additional 1,531,815 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Goldman Sachs Group during the second quarter worth $157,768,000. Finally, Morgan Stanley raised its stake in shares of Goldman Sachs Group by 32.1% in the third quarter. Morgan Stanley now owns 3,558,818 shares of the investment management company’s stock worth $573,932,000 after buying an additional 865,463 shares during the last quarter. Hedge funds and other institutional investors own 71.28% of the company’s stock.

Several research analysts recently issued reports on GS shares. Vetr lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $170.52 target price for the company. in a research report on Thursday, October 27th. Rafferty Capital Markets upped their target price on shares of Goldman Sachs Group from $191.00 to $227.00 and gave the stock a “buy” rating in a research report on Thursday. Nomura reiterated a “buy” rating and issued a $197.00 target price (up from $195.00) on shares of Goldman Sachs Group in a research report on Tuesday, July 19th. Citigroup Inc. upped their target price on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. Finally, Oppenheimer Holdings Inc. set a $222.00 target price on shares of Goldman Sachs Group and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $181.38.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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