Goldman Sachs Group Inc (NYSE:GS) insider David M. Solomon sold 6,104 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,458,794.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Goldman Sachs Group Inc (GS) traded down $1.59 during trading hours on Thursday, hitting $236.43. The stock had a trading volume of 2,177,200 shares, compared to its average volume of 3,283,831. Goldman Sachs Group Inc has a fifty-two week low of $209.37 and a fifty-two week high of $255.15. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $89,781.51, a PE ratio of 12.40, a PEG ratio of 1.21 and a beta of 1.48.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.63%.

TRADEMARK VIOLATION NOTICE: This article was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/11/24/goldman-sachs-group-inc-gs-insider-david-m-solomon-sells-6104-shares.html.

A number of brokerages recently commented on GS. J P Morgan Chase & Co reiterated a “buy” rating on shares of Goldman Sachs Group in a research report on Monday. Royal Bank Of Canada reiterated a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a research report on Tuesday, November 7th. Vertical Group lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, Societe Generale set a $198.00 price objective on Goldman Sachs Group and gave the stock a “sell” rating in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $245.06.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Goldman Sachs Group by 3,301.2% in the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after acquiring an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. lifted its stake in Goldman Sachs Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after acquiring an additional 304,400 shares in the last quarter. State Street Corp lifted its stake in Goldman Sachs Group by 2.7% in the 1st quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after acquiring an additional 603,165 shares in the last quarter. FMR LLC lifted its stake in Goldman Sachs Group by 10.9% in the 1st quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after acquiring an additional 1,084,624 shares in the last quarter. Finally, Capital World Investors lifted its stake in Goldman Sachs Group by 10.5% in the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after acquiring an additional 726,582 shares in the last quarter. Hedge funds and other institutional investors own 74.01% of the company’s stock.

Goldman Sachs Group 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 (NYSE:GS)

Receive News & Stock Ratings for Goldman Sachs Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc and related stocks with our FREE daily email newsletter.