Insider Selling: The Goldman Sachs Group, Inc. (NYSE:GS) CEO Sells 9,768 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) CEO David M. Solomon sold 9,768 shares of the stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $334.57, for a total value of $3,268,079.76. Following the completion of the transaction, the chief executive officer now directly owns 96,467 shares of the company’s stock, valued at approximately $32,274,964.19. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE:GS opened at $319.77 on Friday. The firm’s 50 day moving average price is $334.11 and its 200-day moving average price is $369.11. The Goldman Sachs Group, Inc. has a twelve month low of $308.20 and a twelve month high of $426.16. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $108.06 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45.

The Goldman Sachs Group (NYSE:GSGet Rating) last issued its quarterly earnings data on Thursday, April 14th. The investment management company reported $10.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.00 by $0.76. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 18.59%. The firm had revenue of $12.93 billion during the quarter, compared to the consensus estimate of $11.76 billion. During the same quarter in the previous year, the firm posted $18.60 EPS. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. Analysts expect that The Goldman Sachs Group, Inc. will post 35.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 1st will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 31st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.53%.

Hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of The Goldman Sachs Group by 10.9% during the 2nd quarter. Morgan Stanley now owns 2,791,562 shares of the investment management company’s stock valued at $1,059,482,000 after buying an additional 274,537 shares in the last quarter. Nordea Investment Management AB raised its stake in The Goldman Sachs Group by 102.2% during the 3rd quarter. Nordea Investment Management AB now owns 54,162 shares of the investment management company’s stock valued at $20,778,000 after purchasing an additional 27,380 shares during the period. Miracle Mile Advisors LLC raised its stake in The Goldman Sachs Group by 13.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,614 shares of the investment management company’s stock valued at $610,000 after purchasing an additional 196 shares during the period. AE Wealth Management LLC raised its stake in The Goldman Sachs Group by 9.8% during the 3rd quarter. AE Wealth Management LLC now owns 37,404 shares of the investment management company’s stock valued at $14,140,000 after purchasing an additional 3,346 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $3,689,000. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

GS has been the topic of a number of research reports. Piper Sandler dropped their target price on shares of The Goldman Sachs Group from $465.00 to $430.00 and set an “overweight” rating on the stock in a report on Tuesday, April 5th. Oppenheimer dropped their target price on The Goldman Sachs Group from $598.00 to $574.00 and set an “outperform” rating on the stock in a report on Wednesday, January 19th. StockNews.com initiated coverage on The Goldman Sachs Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Odeon Capital Group downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, January 28th. Finally, UBS Group set a $416.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, January 18th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $438.50.

The Goldman Sachs Group Company Profile (Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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