Goldman Sachs Group, Inc. (The) (NYSE:GS) VP Gregory K. Palm sold 4,620 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded down $0.11 on Wednesday, reaching $238.02. 2,223,800 shares of the company’s stock traded hands, compared to its average volume of 3,288,750. The firm has a market capitalization of $89,780.00, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 1.21 and a beta of 1.48. Goldman Sachs Group, Inc. has a 52 week low of $209.37 and a 52 week high of $255.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.34%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $4.88 earnings per share. research analysts anticipate that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.26%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.58%.

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GS has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. Morgan Stanley increased their price objective on shares of Goldman Sachs Group, Inc. (The) from $265.00 to $287.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, October 19th. Finally, JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $245.06.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock worth $5,341,749,000 after buying an additional 304,400 shares during the last quarter. State Street Corp raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 2.7% in the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock worth $5,249,408,000 after buying an additional 603,165 shares during the last quarter. FMR LLC raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after buying an additional 1,084,624 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after buying an additional 726,582 shares during the last quarter. 74.01% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Insider Buying and Selling by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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