The Goldman Sachs Group, Inc. (NYSE:GS) Insider Sells $4,758,905.62 in Stock

The Goldman Sachs Group, Inc. (NYSE:GS) insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The Goldman Sachs Group Stock Up 0.9 %

Shares of GS traded up $5.95 during midday trading on Thursday, reaching $638.68. 2,573,117 shares of the stock were exchanged, compared to its average volume of 2,757,116. The Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $645.54. The firm has a 50 day simple moving average of $589.34 and a 200-day simple moving average of $533.75. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $200.49 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 0.89 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the business earned $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. Research analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Institutional Trading of The Goldman Sachs Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Semmax Financial Advisors Inc. acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $26,000. West Branch Capital LLC bought a new position in The Goldman Sachs Group in the 3rd quarter valued at $30,000. DT Investment Partners LLC raised its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the 3rd quarter valued at $34,000. Finally, Country Trust Bank bought a new position in The Goldman Sachs Group in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JMP Securities raised their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Company Profile

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 Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.