The Goldman Sachs Group (NYSE:GS) CFO Denis Coleman Sells 11,623 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) CFO Denis Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the completion of the sale, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. The trade was a 28.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

The Goldman Sachs Group Stock Down 0.3%

NYSE GS traded down $3.06 during trading on Wednesday, hitting $945.93. 2,568,610 shares of the company traded hands, compared to its average volume of 2,534,054. The business has a fifty day simple moving average of $914.60 and a 200 day simple moving average of $820.58. The company has a current ratio of 1.13, a quick ratio of 0.65 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 company has a market capitalization of $283.71 billion, a P/E ratio of 18.44, a PEG ratio of 1.16 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter last year, the company posted $11.95 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is currently 31.20%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GS. UBS Group reissued a “neutral” rating and issued a $990.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, February 4th. Argus raised their price target on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Daiwa Securities Group boosted their price objective on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Rothschild & Co Redburn increased their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $916.86.

Read Our Latest Stock Report on The Goldman Sachs Group

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GS. Hodges Capital Management Inc. lifted its holdings in The Goldman Sachs Group by 8.4% during the 4th quarter. Hodges Capital Management Inc. now owns 8,609 shares of the investment management company’s stock valued at $7,568,000 after purchasing an additional 664 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of The Goldman Sachs Group by 3.4% during the fourth quarter. Townsquare Capital LLC now owns 667 shares of the investment management company’s stock worth $586,000 after buying an additional 22 shares in the last quarter. Wellspring Financial Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 117.0% during the fourth quarter. Wellspring Financial Advisors LLC now owns 727 shares of the investment management company’s stock worth $639,000 after buying an additional 392 shares in the last quarter. Myriad Asset Management Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $5,027,000. Finally, Zions Bancorporation National Association UT boosted its holdings in shares of The Goldman Sachs Group by 194.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 2,271 shares of the investment management company’s stock worth $1,996,000 after acquiring an additional 1,500 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Key The Goldman Sachs Group News

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

The Goldman Sachs Group Company Profile

(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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