Insider Selling: The Goldman Sachs Group, Inc. (NYSE:GS) CEO Sells 9,768 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) CEO David M. Solomon sold 9,768 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $334.57, for a total transaction of $3,268,079.76. Following the transaction, the chief executive officer now directly owns 96,467 shares of the company’s stock, valued at $32,274,964.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NYSE GS traded down $6.76 during trading on Thursday, reaching $334.30. 2,993,309 shares of the stock traded hands, compared to its average volume of 3,332,245. The firm has a market cap of $112.97 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45. The stock’s 50-day moving average price is $335.49 and its 200 day moving average price is $369.85. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 2.24. The Goldman Sachs Group, Inc. has a fifty-two week low of $308.20 and a fifty-two week high of $426.16.

The Goldman Sachs Group (NYSE:GSGet Rating) last issued its quarterly earnings data on Thursday, April 14th. The investment management company reported $10.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $10.00 by $0.76. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 18.59%. The firm had revenue of $12.93 billion during the quarter, compared to analysts’ expectations of $11.76 billion. During the same quarter in the previous year, the company earned $18.60 earnings per share. The business’s revenue for the quarter was down 26.9% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 35.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, May 31st. The Goldman Sachs Group’s payout ratio is currently 15.53%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Mariner LLC lifted its position in shares of The Goldman Sachs Group by 9.0% in the third quarter. Mariner LLC now owns 20,632 shares of the investment management company’s stock worth $7,800,000 after purchasing an additional 1,701 shares in the last quarter. Peoples Financial Services CORP. lifted its position in shares of The Goldman Sachs Group by 37.2% in the fourth quarter. Peoples Financial Services CORP. now owns 4,220 shares of the investment management company’s stock worth $1,614,000 after purchasing an additional 1,145 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of The Goldman Sachs Group by 6.6% in the fourth quarter. Raymond James Trust N.A. now owns 5,673 shares of the investment management company’s stock worth $2,170,000 after purchasing an additional 350 shares in the last quarter. Kercheville Advisors LLC lifted its position in shares of The Goldman Sachs Group by 26.6% in the fourth quarter. Kercheville Advisors LLC now owns 9,937 shares of the investment management company’s stock worth $3,801,000 after purchasing an additional 2,090 shares in the last quarter. Finally, Exane Asset Management lifted its position in shares of The Goldman Sachs Group by 50.3% in the fourth quarter. Exane Asset Management now owns 70,146 shares of the investment management company’s stock worth $26,834,000 after purchasing an additional 23,481 shares in the last quarter. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. Odeon Capital Group downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, January 28th. Citigroup cut their price target on shares of The Goldman Sachs Group from $480.00 to $455.00 in a report on Thursday, January 20th. Wells Fargo & Company downgraded shares of The Goldman Sachs Group from an “overweight” rating to an “equal weight” rating in a report on Monday, February 28th. BMO Capital Markets cut their price target on shares of The Goldman Sachs Group from $488.00 to $486.00 and set an “outperform” rating for the company in a report on Monday. Finally, Bank of America lifted their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “neutral” rating in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $432.79.

About The Goldman Sachs Group (Get Rating)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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