Sen. Markwayne Mullin Buys The Goldman Sachs Group, Inc. (NYSE:GS) Shares

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of The Goldman Sachs Group, Inc. (NYSE:GS). In a filing disclosed on January 31st, the Senator disclosed that they had bought between $15,001 and $50,000 in The Goldman Sachs Group stock on January 2nd.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of iShares Core MSCI EAFE ETF (BATS:IEFA) on 1/8/2025.
• Sold $15,001 – $50,000 in shares of iShares MSCI Eurozone ETF (BATS:EZU) on 1/8/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 1/8/2025.
• Purchased $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Westinghouse Air Brake Technologies (NYSE:WAB) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Applied Industrial Technologies (NYSE:AIT) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 1/2/2025.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $640.15 on Monday. The company has a market capitalization of $198.73 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s 50 day simple moving average is $596.07 and its two-hundred day simple moving average is $541.43. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $650.00.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results 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 company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.48 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 40,865 shares of company stock valued at $25,286,862. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on GS shares. Barclays lifted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Finally, Oppenheimer dropped their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its holdings in The Goldman Sachs Group by 5.4% during the fourth quarter. Global Retirement Partners LLC now owns 5,619 shares of the investment management company’s stock worth $3,218,000 after purchasing an additional 290 shares in the last quarter. Semus Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 1.1% in the 4th quarter. Semus Wealth Partners LLC now owns 2,209 shares of the investment management company’s stock valued at $1,265,000 after purchasing an additional 24 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $356,000. Bank of Jackson Hole Trust purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $164,000. Finally, Klingman & Associates LLC lifted its stake in shares of The Goldman Sachs Group by 4.8% in the 4th quarter. Klingman & Associates LLC now owns 801 shares of the investment management company’s stock worth $459,000 after acquiring an additional 37 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.