Goldman Sachs Group Inc. (GS) Insider Sarah G. Smith Sells 392 Shares of Stock
Goldman Sachs Group Inc. (NYSE:GS) insider Sarah G. Smith sold 392 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $206.36, for a total transaction of $80,893.12. Following the completion of the sale, the insider now directly owns 22,103 shares of the company’s stock, valued at approximately $4,561,175.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.52% on Friday, hitting $210.73. 2,697,287 shares of the stock traded hands. The firm has a market capitalization of $88.25 billion, a PE ratio of 16.91 and a beta of 1.55. The firm’s 50 day moving average is $178.45 and its 200 day moving average is $164.06. Goldman Sachs Group Inc. has a 52 week low of $138.20 and a 52 week high of $212.07.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.09. The company had revenue of $8.17 billion for 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 for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.51 EPS. On average, analysts expect that Goldman Sachs Group Inc. will post $15.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s payout ratio is 20.72%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in 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 valued at $704,965,000 after buying an additional 3,075,277 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Goldman Sachs Group during the third quarter valued at $421,604,000. Fisher Asset Management LLC raised its position in 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 valued at $318,000,000 after buying an additional 1,723,214 shares during the last quarter. Dodge & Cox raised its position in 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 valued at $2,231,799,000 after buying an additional 1,531,815 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in Goldman Sachs Group during the second quarter valued at $157,768,000. 71.29% of the stock is currently owned by institutional investors and hedge funds.
GS has been the subject of several research analyst reports. Vetr downgraded 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 boosted their price objective 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. Nomura reaffirmed a “buy” rating and set a $197.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, September 29th. Citigroup Inc. boosted their price objective on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Goldman Sachs Group in a research report on Sunday, November 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average 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.
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