The Goldman Sachs Group, Inc. (NYSE:GS) Insider Sells $1,061,800.00 in Stock

The Goldman Sachs Group, Inc. (NYSE:GS) insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $528.36 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The business’s 50-day moving average price is $498.15 and its 200 day moving average price is $469.05. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $540.51. The firm has a market cap of $170.38 billion, a P/E ratio of 20.63, a PEG ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.47 EPS. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.52 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 Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GS shares. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday. Oppenheimer boosted their price objective on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets raised their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Bank of America increased their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $524.69.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds have recently modified their holdings of GS. Calton & Associates Inc. boosted its position in shares of The Goldman Sachs Group by 453.3% in the 3rd quarter. Calton & Associates Inc. now owns 10,281 shares of the investment management company’s stock valued at $5,090,000 after purchasing an additional 8,423 shares during the period. Vest Financial LLC lifted its stake in The Goldman Sachs Group by 196.1% during the third quarter. Vest Financial LLC now owns 1,510 shares of the investment management company’s stock valued at $748,000 after buying an additional 1,000 shares in the last quarter. West Branch Capital LLC purchased a new stake in The Goldman Sachs Group during the third quarter valued at about $30,000. Cyndeo Wealth Partners LLC raised its holdings in shares of The Goldman Sachs Group by 14.2% during the third quarter. Cyndeo Wealth Partners LLC now owns 3,769 shares of the investment management company’s stock valued at $1,866,000 after acquiring an additional 468 shares during the period. Finally, Werba Rubin Papier Wealth Management purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $211,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

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.