The Goldman Sachs Group (NYSE:GS) Shares Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of The Goldman Sachs Group, Inc. (NYSE:GS). In a filing disclosed on January 31st, the Senator disclosed that they had bought between $15,001 and $50,000 in The Goldman Sachs Group stock on January 2nd.

Senator Markwayne Mullin also recently made the following trade(s):

  • Sold $15,001 – $50,000 in shares of iShares Core MSCI EAFE ETF (BATS:IEFA) on 1/8/2025.
  • Sold $15,001 – $50,000 in shares of iShares MSCI Eurozone ETF (BATS:EZU) on 1/8/2025.
  • Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 1/8/2025.
  • Purchased $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Westinghouse Air Brake Technologies (NYSE:WAB) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Applied Industrial Technologies (NYSE:AIT) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 1/2/2025.

The Goldman Sachs Group Trading Down 0.9 %

GS stock opened at $640.15 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $650.00. The company has a market capitalization of $198.73 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The company’s 50-day simple moving average is $596.07 and its 200 day simple moving average is $541.17. 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 (NYSE:GSGet Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.48 earnings per share. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,865 shares of company stock valued at $25,286,862. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GS shares. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Barclays boosted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.06.

Read Our Latest Research Report on The Goldman Sachs Group

Institutional Trading of The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GS. Susquehanna Fundamental Investments LLC purchased a new position in shares of The Goldman Sachs Group during the second quarter valued at approximately $1,040,000. Advisory Alpha LLC purchased a new position in The Goldman Sachs Group during the 2nd quarter worth $200,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth $104,000. Sanctuary Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $15,155,000. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of The Goldman Sachs Group by 116.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 437 shares of the investment management company’s stock valued at $198,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

The Goldman Sachs Group Company Profile

(Get Free Report)

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.

Further Reading

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