The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) insider Brian J. Lee sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $385.84, for a total transaction of $3,858,400.00. Following the transaction, the insider now directly owns 13,656 shares in the company, valued at approximately $5,269,031.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
The Goldman Sachs Group Trading Down 0.7 %
NYSE GS opened at $379.78 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $277.84 and a 12 month high of $412.66. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $128.61 billion, a price-to-earnings ratio of 10.11 and a beta of 1.38. The company’s fifty day moving average price is $329.17 and its two-hundred day moving average price is $321.01.
The Goldman Sachs Group (NYSE:GS – Get Rating) last posted its quarterly earnings data on Tuesday, October 18th. The investment management company reported $8.25 EPS for the quarter, beating analysts’ consensus estimates of $7.47 by $0.78. The Goldman Sachs Group had a net margin of 22.50% and a return on equity of 13.23%. The firm had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.53 billion. During the same period in the prior year, the firm posted $14.93 EPS. The firm’s revenue was down 12.0% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 33.35 earnings per share for the current fiscal year.
The Goldman Sachs Group Announces Dividend
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GS. Centerpoint Advisors LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth about $26,000. Transamerica Financial Advisors Inc. lifted its position in shares of The Goldman Sachs Group by 727.3% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 91 shares of the investment management company’s stock worth $27,000 after buying an additional 80 shares during the last quarter. Orion Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 690.9% in the 1st quarter. Orion Capital Management LLC now owns 87 shares of the investment management company’s stock worth $29,000 after buying an additional 76 shares during the last quarter. NewSquare Capital LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth about $29,000. Finally, Paragon Wealth Strategies LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth about $31,000. 69.08% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
GS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised shares of The Goldman Sachs Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $395.00 to $429.00 in a research note on Thursday, October 6th. Atlantic Securities downgraded shares of The Goldman Sachs Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $330.00 to $290.00 in a research note on Wednesday, October 5th. Morgan Stanley reduced their price objective on shares of The Goldman Sachs Group from $354.00 to $341.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 5th. Oppenheimer dropped their price target on shares of The Goldman Sachs Group from $483.00 to $477.00 and set an “outperform” rating for the company in a research report on Wednesday, October 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of The Goldman Sachs Group from $430.00 to $370.00 and set a “hold” rating for the company in a research report on Monday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $400.19.
About The Goldman Sachs Group
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.
- Get a free copy of the StockNews.com research report on The Goldman Sachs Group (GS)
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