Insider Selling: The Goldman Sachs Group, Inc. (NYSE:GS) Director Sells $2,161,250.00 in Stock

The Goldman Sachs Group, Inc. (NYSE:GS) Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Goldman Sachs Group Stock Up 1.3 %

Shares of NYSE:GS opened at $438.30 on Friday. The company has a market capitalization of $142.24 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The business has a fifty day moving average price of $403.65 and a two-hundred day moving average price of $373.37. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $442.30.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.79 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.51%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Analysts Set New Price Targets

GS has been the topic of several recent analyst reports. Citigroup boosted their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Edward Jones initiated coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Bank of America boosted their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $437.04.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GS. Powell Investment Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 0.7% in the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock worth $1,603,000 after acquiring an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock worth $944,000 after acquiring an additional 25 shares during the period. Optas LLC boosted its stake in shares of The Goldman Sachs Group by 2.4% in the first quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock worth $448,000 after acquiring an additional 25 shares during the period. Regatta Capital Group LLC boosted its stake in shares of The Goldman Sachs Group by 2.2% in the first quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company’s stock worth $487,000 after acquiring an additional 25 shares during the period. Finally, WNY Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 1.6% in the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

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 Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.