The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) major shareholder Goldman Sachs Group Inc sold 101,526 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $6.43, for a total transaction of $652,812.18. Following the sale, the insider now owns 16,980,553 shares in the company, valued at approximately $109,184,955.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
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Goldman Sachs Group Inc also recently made the following trade(s):
- On Tuesday, March 14th, Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $6.43, for a total transaction of $25,720,000.00.
- On Monday, March 6th, Goldman Sachs Group Inc sold 3,749 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $10.58, for a total transaction of $39,664.42.
- On Monday, January 23rd, Goldman Sachs Group Inc purchased 1,481 shares of The Goldman Sachs Group stock. The shares were purchased at an average price of $8.51 per share, for a total transaction of $12,603.31.
The Goldman Sachs Group Stock Performance
NYSE GS traded down $2.28 on Friday, hitting $312.57. 2,423,476 shares of the company traded hands, compared to its average volume of 3,143,080. The company has a market capitalization of $104.34 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.62 and a beta of 1.42. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.32. The business’s 50 day moving average price is $351.51 and its 200-day moving average price is $345.83. The Goldman Sachs Group, Inc. has a 52-week low of $277.84 and a 52-week high of $389.58.
The Goldman Sachs Group (NYSE:GS – Get Rating) last released its earnings results on Tuesday, January 17th. The investment management company reported $3.32 earnings per share for the quarter, missing the consensus estimate of $5.25 by ($1.93). The company had revenue of $10.59 billion for the quarter, compared to analysts’ expectations of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.55%. The Goldman Sachs Group’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $10.81 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 33.14 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 2nd will be issued a dividend of $2.50 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $10.00 dividend on an annualized basis and a yield of 3.20%. The Goldman Sachs Group’s dividend payout ratio is presently 33.27%.
Institutional Investors Weigh In On The Goldman Sachs Group
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $759,531,000. Morgan Stanley increased its holdings in shares of The Goldman Sachs Group by 40.0% in the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after purchasing an additional 1,696,350 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of The Goldman Sachs Group by 44.3% in the third quarter. Fisher Asset Management LLC now owns 4,743,628 shares of the investment management company’s stock worth $1,390,120,000 after purchasing an additional 1,456,801 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 168,772.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock worth $427,367,000 after purchasing an additional 1,243,852 shares during the last quarter. Finally, Maj Invest Holding A S increased its holdings in shares of The Goldman Sachs Group by 140,326.4% in the third quarter. Maj Invest Holding A S now owns 702,132 shares of the investment management company’s stock worth $205,761,000 after purchasing an additional 701,632 shares during the last quarter. 69.09% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on GS. JMP Securities reiterated a “market outperform” rating and set a $470.00 price target on shares of The Goldman Sachs Group in a report on Monday, March 13th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $385.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft lowered their price target on The Goldman Sachs Group from $370.00 to $345.00 in a report on Friday, January 6th. Wolfe Research downgraded The Goldman Sachs Group from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 4th. Finally, BMO Capital Markets dropped their price target on The Goldman Sachs Group from $485.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $396.07.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.
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