Goldman Sachs Group Inc (NYSE:GS) EVP John F.W. Rogers sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $265.37, for a total transaction of $1,167,628.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Goldman Sachs Group Inc (NYSE:GS) traded down $3.85 during trading on Wednesday, hitting $264.68. 1,885,438 shares of the company traded hands, compared to its average volume of 3,629,995. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 3.09. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $275.31. The stock has a market capitalization of $100,670.00, a PE ratio of 13.26, a PEG ratio of 0.98 and a beta of 1.32.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.66%. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter last year, the company posted $5.08 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. analysts predict that Goldman Sachs Group Inc will post 21.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.13%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.03%.
Several equities research analysts have weighed in on the stock. Vetr downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 target price for the company. in a research note on Wednesday, February 14th. Bank of America restated a “buy” rating and issued a $300.00 target price (up from $249.30) on shares of Goldman Sachs Group in a research note on Monday, February 12th. Morgan Stanley raised their target price on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Co restated an “outperform” rating and issued a $320.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $260.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $257.06.
Several institutional investors have recently modified their holdings of GS. Janus Henderson Group PLC raised its holdings in shares of Goldman Sachs Group by 4,096.0% during the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after purchasing an additional 2,416,970 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Goldman Sachs Group by 116.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock valued at $644,408,000 after buying an additional 1,360,046 shares during the period. The Manufacturers Life Insurance Company grew its position in Goldman Sachs Group by 47.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after buying an additional 1,152,869 shares during the period. Jennison Associates LLC grew its position in Goldman Sachs Group by 15.1% during the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after buying an additional 727,698 shares during the period. Finally, Capital World Investors grew its position in Goldman Sachs Group by 10.5% during the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after buying an additional 726,582 shares during the period. 73.28% of the stock is owned by hedge funds and other institutional investors.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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