Brian J. Lee Sells 10,000 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet 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:GSGet 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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be paid a dividend of $2.50 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $10.00 dividend on an annualized basis and a yield of 2.63%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 26.63%.

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

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

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