The Goldman Sachs Group (NYSE:GS) Insider Kathryn Ruemmler Sells 9,589 Shares

The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) insider Kathryn Ruemmler sold 9,589 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the transaction, the insider directly owned 18,533 shares in the company, valued at approximately $17,189,542.83. This represents a 34.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

The Goldman Sachs Group Stock Down 0.3%

Shares of GS traded down $2.52 during mid-day trading on Tuesday, reaching $929.34. 2,009,387 shares of the stock traded hands, compared to its average volume of 2,582,120. The firm has a market cap of $278.74 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.13 and a beta of 1.33. The stock has a fifty day simple moving average of $885.41 and a 200 day simple moving average of $803.44. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter last year, the company earned $11.95 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is 31.20%.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GS. Hartline Investment Corp grew its holdings in shares of The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after buying an additional 860 shares in the last quarter. Ignite Planners LLC bought a new stake in The Goldman Sachs Group during the second quarter worth approximately $239,000. Bank of New York Mellon Corp lifted its position in The Goldman Sachs Group by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after acquiring an additional 157,473 shares during the last quarter. Wells Trecaso Financial Group LLC boosted its stake in The Goldman Sachs Group by 0.5% during the 2nd quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock valued at $15,240,000 after purchasing an additional 108 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at approximately $288,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on GS. Jefferies Financial Group lifted their price objective on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $750.00 to $775.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $898.00.

View Our Latest Analysis on GS

About The Goldman Sachs Group

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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