The Goldman Sachs Group, Inc. (NYSE:GS) Director Goldman Sachs Group Inc Sells 83,312 Shares

The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) Director Goldman Sachs Group Inc sold 83,312 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $26.45, for a total value of $2,203,602.40. Following the sale, the director now owns 867,075 shares in the company, valued at approximately $22,934,133.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Goldman Sachs Group Inc also recently made the following trade(s):

  • On Monday, September 12th, Goldman Sachs Group Inc sold 90,313 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $27.39, for a total value of $2,473,673.07.
  • On Wednesday, September 7th, Goldman Sachs Group Inc sold 87,974 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $24.81, for a total value of $2,182,634.94.
  • On Monday, August 29th, Goldman Sachs Group Inc sold 31,735 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $25.09, for a total value of $796,231.15.
  • On Friday, August 26th, Goldman Sachs Group Inc sold 40,243 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $25.48, for a total value of $1,025,391.64.
  • On Wednesday, August 24th, Goldman Sachs Group Inc sold 51,494 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $25.81, for a total value of $1,329,060.14.
  • On Monday, August 22nd, Goldman Sachs Group Inc sold 65,696 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $25.10, for a total value of $1,648,969.60.
  • On Friday, August 19th, Goldman Sachs Group Inc sold 56,248 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $26.01, for a total value of $1,463,010.48.
  • On Wednesday, August 17th, Goldman Sachs Group Inc sold 89,959 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $26.71, for a total value of $2,402,804.89.
  • On Monday, August 15th, Goldman Sachs Group Inc sold 78,131 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $27.01, for a total value of $2,110,318.31.

The Goldman Sachs Group Trading Down 4.1 %

NYSE:GS opened at $328.39 on Wednesday. The stock’s 50 day moving average price is $328.43 and its 200 day moving average price is $321.08. The company has a market capitalization of $112.10 billion, a PE ratio of 7.42, a P/E/G ratio of 0.78 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.34. The Goldman Sachs Group, Inc. has a 52-week low of $277.84 and a 52-week high of $426.16.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its quarterly earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.61 by $1.12. The firm had revenue of $11.86 billion for the quarter, compared to the consensus estimate of $10.70 billion. The Goldman Sachs Group had a return on equity of 15.89% and a net margin of 27.75%. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same quarter last year, the business posted $15.02 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 34.2 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, August 10th. Investors of record on Tuesday, July 26th were paid a dividend of $2.50 per share. The ex-dividend date was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio is presently 22.61%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company dropped their target price on The Goldman Sachs Group from $420.00 to $380.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Royal Bank of Canada lowered their price target on The Goldman Sachs Group from $390.00 to $370.00 and set a “sector perform” rating for the company in a report on Friday, July 1st. Citigroup decreased their target price on The Goldman Sachs Group from $400.00 to $360.00 in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft decreased their target price on The Goldman Sachs Group from $430.00 to $370.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Bank of America raised The Goldman Sachs Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $360.00 to $380.00 in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $410.79.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GS. Laurel Wealth Advisors Inc. increased its position in The Goldman Sachs Group by 1.2% during the second quarter. Laurel Wealth Advisors Inc. now owns 2,558 shares of the investment management company’s stock worth $760,000 after buying an additional 30 shares during the last quarter. Telos Capital Management Inc. grew its position in shares of The Goldman Sachs Group by 2.0% in the second quarter. Telos Capital Management Inc. now owns 1,592 shares of the investment management company’s stock valued at $473,000 after purchasing an additional 31 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 3.6% in the fourth quarter. Golden State Wealth Management LLC now owns 929 shares of the investment management company’s stock valued at $355,000 after purchasing an additional 32 shares during the last quarter. Core Wealth Advisors Inc. grew its position in shares of The Goldman Sachs Group by 1.3% in the fourth quarter. Core Wealth Advisors Inc. now owns 2,649 shares of the investment management company’s stock valued at $1,013,000 after purchasing an additional 33 shares during the last quarter. Finally, Atlas Private Wealth Advisors grew its position in shares of The Goldman Sachs Group by 1.8% in the first quarter. Atlas Private Wealth Advisors now owns 1,868 shares of the investment management company’s stock valued at $617,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 69.08% of the company’s stock.

The Goldman Sachs Group Company Profile

(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.

See Also

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

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