Goldman Sachs Group Inc. (GS) EVP Alan M. Cohen Sells 5,322 Shares of Stock
Goldman Sachs Group Inc. (NYSE:GS) EVP Alan M. Cohen sold 5,322 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $208.82, for a total value of $1,111,340.04. Following the sale, the executive vice president now directly owns 85,528 shares in the company, valued at $17,859,956.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Goldman Sachs Group Inc. (NYSE:GS) traded up 1.34% on Thursday, hitting $209.03. The company’s stock had a trading volume of 1,685,328 shares. Goldman Sachs Group Inc. has a 1-year low of $138.20 and a 1-year high of $211.77. The company has a 50 day moving average price of $177.17 and a 200-day moving average price of $163.74. The company has a market capitalization of $87.54 billion, a P/E ratio of 16.77 and a beta of 1.55.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.79 by $1.09. The company 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 company’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $4.51 earnings per share. On average, equities analysts forecast that Goldman Sachs Group Inc. will post $15.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s payout ratio is 20.72%.
Several analysts recently weighed in on GS shares. Oppenheimer Holdings Inc. set a $222.00 price objective on Goldman Sachs Group and gave the company a “buy” rating in a report on Wednesday, August 3rd. TheStreet raised Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, August 5th. JPMorgan Chase & Co. set a $176.00 price objective on Goldman Sachs Group and gave the company a “buy” rating in a report on Thursday, September 22nd. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a report on Tuesday, September 20th. Finally, Nomura reissued a “buy” rating and issued a $197.00 price objective on shares of Goldman Sachs Group in a report on Thursday, September 29th. Two research 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. The stock currently has an average rating of “Hold” and an average price target of $181.38.
Hedge funds have recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Goldman Sachs Group during the second quarter valued at $102,000. Nelson Roberts Investment Advisors LLC raised its stake in 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 valued at $105,000 after buying an additional 150 shares during the last quarter. CKW Financial Group raised its stake in Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock valued at $119,000 after buying an additional 200 shares during the last quarter. Bamco Inc. NY purchased a new stake in Goldman Sachs Group during the third quarter valued at $129,000. Finally, Alpha Windward LLC raised its stake in Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares during the last quarter. 71.29% of the stock is owned by 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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