David A. Viniar Sells 1,448 Shares of Goldman Sachs Group Inc. (GS) Stock
Goldman Sachs Group Inc. (NYSE:GS) Director David A. Viniar sold 1,448 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $206.96, for a total transaction of $299,678.08. Following the completion of the sale, the director now directly owns 839,925 shares in the company, valued at approximately $173,830,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Goldman Sachs Group Inc. (NYSE:GS) opened at 206.26 on Thursday. The firm has a 50-day moving average of $177.17 and a 200 day moving average of $163.74. Goldman Sachs Group Inc. has a one year low of $138.20 and a one year high of $211.77. The company has a market capitalization of $86.38 billion, a price-to-earnings ratio of 16.55 and a beta of 1.55.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, beating the Zacks’ consensus estimate of $3.79 by $1.09. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The business earned $8.17 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the company earned $4.51 EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. Equities research analysts predict that Goldman Sachs Group Inc. will post $15.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s payout ratio is presently 20.72%.
Several analysts have recently issued reports on the stock. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 price target on the stock in a research report on Thursday, September 29th. Rafferty Capital Markets boosted their price target on shares of Goldman Sachs Group from $191.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. BMO Capital Markets reissued an “outperform” rating and issued a $214.00 price target (up previously from $197.00) on shares of Goldman Sachs Group in a research report on Friday, July 22nd. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price target on the stock in a research report on Tuesday, September 20th. Finally, RBC Capital Markets set a $170.00 price target on shares of Goldman Sachs Group and gave the company a “hold” rating in a research report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $181.38.
A number of institutional investors have recently made changes to their positions in GS. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Goldman Sachs Group during the second quarter worth $102,000. Nelson Roberts Investment Advisors LLC raised its position in shares of Goldman Sachs Group by 26.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 710 shares of the investment management company’s stock worth $105,000 after buying an additional 150 shares during the last quarter. CKW Financial Group raised its position in shares of Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock worth $119,000 after buying an additional 200 shares during the last quarter. Bamco Inc. NY bought a new position in shares of Goldman Sachs Group during the third quarter worth $129,000. Finally, Alpha Windward LLC raised its position in shares of Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock worth $135,000 after buying an additional 18 shares during the last quarter. 71.29% of the stock is owned by hedge funds and other institutional investors.
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.
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