Insider Selling: The Goldman Sachs Group, Inc. (NYSE:GS) CAO Sells 2,034 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GS) CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

The Goldman Sachs Group Stock Down 0.4 %

GS opened at $636.80 on Friday. The stock has a fifty day moving average of $591.21 and a 200-day moving average of $535.67. The company has a market capitalization of $199.90 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $374.24 and a fifty-two week high of $645.54. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Institutional Trading of The Goldman Sachs Group

Several large investors have recently modified their holdings of the stock. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group during the second quarter worth about $26,000. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $30,000. DT Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares during the period. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the third quarter valued at approximately $34,000. Finally, Country Trust Bank acquired a new position in The Goldman Sachs Group during the third quarter valued at approximately $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays increased their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JMP Securities boosted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Bank of America increased their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Citigroup boosted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.06.

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 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.