Goldman Sachs Group Inc. (GS) Insider Sarah G. Smith Sells 218 Shares
Goldman Sachs Group Inc. (NYSE:GS) insider Sarah G. Smith sold 218 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $211.47, for a total value of $46,100.46. Following the transaction, the insider now owns 22,103 shares of the company’s stock, valued at $4,674,121.41. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.78% during mid-day trading on Wednesday, hitting $212.76. The stock had a trading volume of 1,521,902 shares. The stock has a 50 day moving average price of $182.65 and a 200-day moving average price of $165.16. Goldman Sachs Group Inc. has a 52-week low of $138.20 and a 52-week high of $213.41. The company has a market cap of $89.10 billion, a PE ratio of 17.07 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.79 by $1.09. The firm earned $8.17 billion during the quarter, compared to the consensus estimate of $7.41 billion. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.51 EPS. On average, equities analysts expect that Goldman Sachs Group Inc. will post $15.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders 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 1.23%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 20.72%.
Several research firms have weighed in on GS. Oppenheimer Holdings Inc. upped their price target on Goldman Sachs Group from $222.00 to $223.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $154.43 price target for the company in a research note on Monday, August 1st. TheStreet upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. set a $176.00 price objective on Goldman Sachs Group and gave the stock a “buy” rating in a report on Thursday, September 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $181.38.
A number of hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC increased its stake 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 in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Goldman Sachs Group during the third quarter valued at approximately $421,604,000. Fisher Asset Management LLC increased its stake 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 in the last quarter. Dodge & Cox increased its stake 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 in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in Goldman Sachs Group during the second quarter valued at approximately $157,768,000. 72.29% of the stock is owned by hedge funds and other institutional investors.
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Goldman Sachs Group Company Profile
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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