Insider Selling: The Goldman Sachs Group, Inc. (NYSE:GS) Director Sells 41,300 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) Director Goldman Sachs Group Inc sold 41,300 shares of the stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $19.23, for a total transaction of $794,199.00. Following the transaction, the director now owns 1,846,300 shares of the company’s stock, valued at approximately $35,504,349. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Goldman Sachs Group Inc also recently made the following trade(s):

  • On Thursday, June 2nd, Goldman Sachs Group Inc sold 451,401 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $20.48, for a total transaction of $9,244,692.48.
  • On Tuesday, May 31st, Goldman Sachs Group Inc sold 76,517 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $19.34, for a total transaction of $1,479,838.78.
  • On Thursday, May 26th, Goldman Sachs Group Inc sold 437,248 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $19.39, for a total transaction of $8,478,238.72.
  • On Monday, May 23rd, Goldman Sachs Group Inc sold 13,818 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $19.18, for a total transaction of $265,029.24.
  • On Thursday, May 19th, Goldman Sachs Group Inc sold 123,843 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $19.16, for a total transaction of $2,372,831.88.
  • On Tuesday, May 17th, Goldman Sachs Group Inc sold 90,427 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $19.16, for a total transaction of $1,732,581.32.

NYSE:GS traded down $6.83 during trading hours on Wednesday, hitting $314.68. The company had a trading volume of 1,387,435 shares, compared to its average volume of 3,040,956. The company has a market capitalization of $108.08 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The stock has a 50-day moving average price of $318.67 and a 200 day moving average price of $348.90. The Goldman Sachs Group, Inc. has a 52 week low of $293.90 and a 52 week high of $426.16. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.88 and a quick ratio of 0.88.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its quarterly earnings results on Thursday, April 14th. The investment management company reported $10.76 earnings per share for the quarter, beating the consensus estimate of $8.61 by $2.15. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 19.08%. The business had revenue of $12.93 billion for the quarter, compared to analysts’ expectations of $11.76 billion. During the same quarter in the previous year, the business posted $18.60 earnings per share. The firm’s revenue for the quarter was down 26.9% compared to the same quarter last year. Analysts anticipate that The Goldman Sachs Group, Inc. will post 37.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Tuesday, May 31st. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.53%.

Several research firms have commented on GS. Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $445.00 to $418.00 and set an “equal weight” rating on the stock in a research note on Monday, March 28th. StockNews.com began coverage on shares of The Goldman Sachs Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler decreased their price target on shares of The Goldman Sachs Group from $465.00 to $430.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. Bank of America lifted their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “neutral” rating in a research note on Monday, April 18th. Finally, JPMorgan Chase & Co. set a $416.00 price target on shares of The Goldman Sachs Group in a research note on Friday, April 1st. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $441.31.

Hedge funds have recently made changes to their positions in the company. Mariner LLC raised its position in shares of The Goldman Sachs Group by 9.0% in the 3rd quarter. Mariner LLC now owns 20,632 shares of the investment management company’s stock worth $7,800,000 after purchasing an additional 1,701 shares during the last quarter. Peoples Financial Services CORP. raised its position in shares of The Goldman Sachs Group by 37.2% in the 4th quarter. Peoples Financial Services CORP. now owns 4,220 shares of the investment management company’s stock worth $1,614,000 after purchasing an additional 1,145 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of The Goldman Sachs Group by 6.6% in the 4th quarter. Raymond James Trust N.A. now owns 5,673 shares of the investment management company’s stock worth $2,170,000 after purchasing an additional 350 shares during the last quarter. Kercheville Advisors LLC raised its position in shares of The Goldman Sachs Group by 26.6% in the 4th quarter. Kercheville Advisors LLC now owns 9,937 shares of the investment management company’s stock worth $3,801,000 after purchasing an additional 2,090 shares during the last quarter. Finally, Exane Asset Management raised its position in shares of The Goldman Sachs Group by 50.3% in the 4th quarter. Exane Asset Management now owns 70,146 shares of the investment management company’s stock worth $26,834,000 after purchasing an additional 23,481 shares during the last quarter. Hedge funds and other institutional investors own 71.42% of the company’s stock.

The Goldman Sachs Group Company Profile (Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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