The Goldman Sachs Group (NYSE:GS) Trading Down 0.4% on Insider Selling

The Goldman Sachs Group, Inc. (NYSE:GS) shares traded down 0.4% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $598.58 and last traded at $599.63. 298,224 shares were traded during trading, a decline of 86% from the average session volume of 2,204,828 shares. The stock had previously closed at $602.08.

Specifically, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several brokerages have recently commented on GS. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Oppenheimer raised their price objective on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $557.88.

The Goldman Sachs Group Trading Down 0.5 %

The business has a fifty day moving average price of $545.10 and a 200 day moving average price of $501.59. The company has a market capitalization of $188.10 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.38. 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the previous year, the business earned $5.47 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. grew its position in The Goldman Sachs Group by 48.6% during the second quarter. Mather Group LLC. now owns 1,357 shares of the investment management company’s stock worth $567,000 after buying an additional 444 shares in the last quarter. Park Avenue Securities LLC boosted its position in The Goldman Sachs Group by 20.7% in the second quarter. Park Avenue Securities LLC now owns 6,468 shares of the investment management company’s stock valued at $2,926,000 after buying an additional 1,110 shares in the last quarter. Simplicity Wealth LLC increased its holdings in The Goldman Sachs Group by 4.4% in the 2nd quarter. Simplicity Wealth LLC now owns 12,841 shares of the investment management company’s stock worth $5,808,000 after purchasing an additional 538 shares in the last quarter. Csenge Advisory Group boosted its position in The Goldman Sachs Group by 11.6% during the 2nd quarter. Csenge Advisory Group now owns 1,750 shares of the investment management company’s stock worth $792,000 after buying an additional 182 shares during the period. Finally, Salem Investment Counselors Inc. grew its stake in shares of The Goldman Sachs Group by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 7,013 shares of the investment management company’s stock worth $3,172,000 after purchasing an additional 100 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

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.