The Goldman Sachs Group, Inc. (NYSE:GS) Director Goldman Sachs Group Inc Sells 86,068 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) Director Goldman Sachs Group Inc sold 86,068 shares of the stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $15.30, for a total value of $1,316,840.40. Following the completion of the transaction, the director now directly owns 2,240,454 shares of the company’s stock, valued at approximately $34,278,946.20. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Monday, June 6th, Goldman Sachs Group Inc sold 41,300 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $19.23, for a total value of $794,199.00.
  • 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 value 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 value 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 value 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 value 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 value of $2,372,831.88.
  • On Tuesday, May 17th, Goldman Sachs Group Inc sold 90,427 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $19.16, for a total value of $1,732,581.32.

GS stock opened at $284.98 on Friday. The company has a market cap of $97.88 billion, a P/E ratio of 5.53, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 1 year low of $278.32 and a 1 year 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 stock’s fifty day moving average price is $314.04 and its 200-day moving average price is $344.19.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its earnings results on Thursday, April 14th. The investment management company reported $10.76 EPS for the quarter, topping analysts’ consensus estimates of $8.61 by $2.15. The Goldman Sachs Group had a return on equity of 19.08% and a net margin of 31.21%. The company had revenue of $12.93 billion for the quarter, compared to analysts’ expectations of $11.76 billion. During the same period last year, the firm earned $18.60 EPS. The Goldman Sachs Group’s revenue for the quarter was down 26.9% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 37.7 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Investors of record on Wednesday, June 1st will be issued a $2.00 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.81%. The Goldman Sachs Group’s dividend payout ratio is currently 15.53%.

Several analysts have commented on GS shares. JPMorgan Chase & Co. set a $416.00 target price on The Goldman Sachs Group in a research note on Friday, April 1st. Oppenheimer cut their target price on The Goldman Sachs Group from $546.00 to $519.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 3rd. Piper Sandler cut their target price on 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. Morgan Stanley cut their target price on 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. Finally, StockNews.com started coverage on The Goldman Sachs Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $440.73.

Institutional investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth $26,000. Nauset Wealth Management. LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth $27,000. Consolidated Planning Corp bought a new position in The Goldman Sachs Group in the 3rd quarter worth $33,000. Orion Capital Management LLC raised its holdings in The Goldman Sachs Group by 690.9% in the 1st quarter. Orion Capital Management LLC now owns 87 shares of the investment management company’s stock worth $29,000 after purchasing an additional 76 shares during the period. Finally, Blue Bell Private Wealth Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth $34,000. 71.42% of the stock is currently owned by institutional investors.

About The Goldman Sachs Group (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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