The Goldman Sachs Group, Inc. (NYSE:GS) Insider Sells 7,498 Shares

The Goldman Sachs Group, Inc. (NYSE:GS) insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

The Goldman Sachs Group Trading Down 0.4 %

NYSE GS opened at $636.80 on Friday. 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, Inc. has a one year low of $374.24 and a one year high of $645.54. The company has a 50-day simple moving average of $591.21 and a 200-day simple moving average of $535.67. The firm has a market capitalization of $199.90 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38.

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

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend 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 is presently 29.59%.

Hedge Funds Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Semmax Financial Advisors Inc. acquired a new position in shares of The Goldman Sachs Group during the second quarter valued at $26,000. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $30,000. DT Investment Partners LLC raised its position 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 buying an additional 33 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Finally, Country Trust Bank bought a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Evercore ISI lifted their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Finally, HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. 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 presently has a consensus 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.