Goldman Sachs Group Inc Sells 3,186,888 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) major shareholder Goldman Sachs Group Inc sold 3,186,888 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $22.56, for a total transaction of $71,896,193.28. Following the completion of the sale, the insider now owns 24,826,071 shares of the company’s stock, valued at approximately $560,076,161.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, November 18th, Goldman Sachs Group Inc sold 129,393 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $20.94, for a total transaction of $2,709,489.42.
  • On Wednesday, November 16th, Goldman Sachs Group Inc sold 84,024 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $22.53, for a total transaction of $1,893,060.72.
  • On Monday, November 14th, Goldman Sachs Group Inc sold 186,114 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $22.20, for a total value of $4,131,730.80.
  • On Friday, November 11th, Goldman Sachs Group Inc sold 187,059 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $22.40, for a total value of $4,190,121.60.
  • On Wednesday, September 14th, Goldman Sachs Group Inc sold 110,584 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $27.03, for a total value of $2,989,085.52.
  • On Monday, September 12th, Goldman Sachs Group Inc sold 90,313 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $27.39, for a total transaction of $2,473,673.07.
  • On Friday, September 9th, Goldman Sachs Group Inc sold 83,312 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $26.45, for a total transaction of $2,203,602.40.
  • On Wednesday, September 7th, Goldman Sachs Group Inc sold 87,974 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $24.81, for a total transaction of $2,182,634.94.
  • On Monday, August 29th, Goldman Sachs Group Inc sold 31,735 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $25.09, for a total value of $796,231.15.
  • On Friday, August 26th, Goldman Sachs Group Inc sold 40,243 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $25.48, for a total value of $1,025,391.64.

The Goldman Sachs Group Price Performance

Shares of GS opened at $386.25 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.21. The Goldman Sachs Group, Inc. has a twelve month low of $277.84 and a twelve month high of $412.66. The stock has a market capitalization of $130.80 billion, a P/E ratio of 10.28 and a beta of 1.38. The company has a 50 day moving average of $331.82 and a 200-day moving average of $322.49.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its earnings results on Tuesday, October 18th. The investment management company reported $8.25 earnings per share for the quarter, beating analysts’ consensus estimates of $7.47 by $0.78. The Goldman Sachs Group had a net margin of 22.50% and a return on equity of 13.23%. The business had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.53 billion. During the same quarter last year, the firm earned $14.93 earnings per share. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 33.35 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be paid a $2.50 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $10.00 dividend on an annualized basis and a yield of 2.59%. The Goldman Sachs Group’s dividend payout ratio is 26.63%.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors and hedge funds have recently made changes to their positions in GS. IFM Investors Pty Ltd raised its position in The Goldman Sachs Group by 19.3% during the first quarter. IFM Investors Pty Ltd now owns 54,070 shares of the investment management company’s stock worth $17,849,000 after acquiring an additional 8,738 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of The Goldman Sachs Group by 37.8% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 809 shares of the investment management company’s stock worth $267,000 after purchasing an additional 222 shares during the last quarter. Edge Capital Group LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at about $203,000. Arcus Capital Partners LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at about $351,000. Finally, Shell Asset Management Co. acquired a new position in The Goldman Sachs Group during the first quarter worth approximately $152,000. Institutional investors own 69.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GS shares. Atlantic Securities lowered The Goldman Sachs Group from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $330.00 to $290.00 in a research report on Wednesday, October 5th. StockNews.com initiated coverage on shares of The Goldman Sachs Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $354.00 to $341.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 5th. Odeon Capital Group cut shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Finally, Oppenheimer reduced their target price on The Goldman Sachs Group from $483.00 to $477.00 and set an “outperform” rating on the stock in a report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $400.19.

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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Insider Buying and Selling by Quarter for The Goldman Sachs Group (NYSE:GS)

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