Goldman Sachs Group Inc. (NYSE:GS) insider Sarah G. Smith sold 218 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $211.47, for a total transaction of $46,100.46. Following the sale, the insider now directly owns 22,103 shares in the company, valued at approximately $4,674,121.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Goldman Sachs Group Inc. (NYSE:GS) opened at 212.31 on Friday. Goldman Sachs Group Inc. has a 12 month low of $138.20 and a 12 month high of $213.41. The firm has a 50 day moving average price of $184.04 and a 200-day moving average price of $165.50. The firm has a market capitalization of $88.92 billion, a price-to-earnings ratio of 17.04 and a beta of 1.55.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, beating the Zacks’ consensus estimate of $3.79 by $1.09. The business had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.41 billion. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.51 EPS. On average, equities analysts forecast that Goldman Sachs Group Inc. will post $15.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 20.72%.
GS has been the topic of several research reports. Rafferty Capital Markets raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Monday, October 17th. TheStreet raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Royal Bank Of Canada increased their price target on shares of Goldman Sachs Group from $160.00 to $170.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 19th. JPMorgan Chase & Co. set a $176.00 price target on shares of Goldman Sachs Group and gave the stock a “buy” rating in a research report on Thursday, September 22nd. Finally, Barclays PLC reissued an “equal weight” rating and set a $210.00 price target on shares of Goldman Sachs Group in a research report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $182.28.
A number of hedge funds have recently added to or reduced their stakes in GS. South Dakota Investment Council raised its stake in Goldman Sachs Group by 1.0% in the second quarter. South Dakota Investment Council now owns 147,870 shares of the investment management company’s stock worth $21,971,000 after buying an additional 1,500 shares during the period. IFC Holdings Incorporated FL acquired a new stake in Goldman Sachs Group during the second quarter worth about $265,000. Harris Associates L P raised its stake in Goldman Sachs Group by 6.3% in the second quarter. Harris Associates L P now owns 5,743,708 shares of the investment management company’s stock worth $853,400,000 after buying an additional 338,324 shares during the period. Foundry Partners LLC raised its stake in Goldman Sachs Group by 9.2% in the third quarter. Foundry Partners LLC now owns 96,185 shares of the investment management company’s stock worth $15,512,000 after buying an additional 8,079 shares during the period. Finally, Gluskin Sheff & Assoc Inc. acquired a new stake in Goldman Sachs Group during the second quarter worth about $43,700,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
About Goldman Sachs Group