Alex S. Golten Sells 5,208 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GS) insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Goldman Sachs Group Stock Performance

GS traded up $8.39 on Thursday, reaching $645.77. The company had a trading volume of 1,801,287 shares, compared to its average volume of 2,669,813. The company’s fifty day moving average is $594.34 and its 200 day moving average is $539.40. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $202.71 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $649.52.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the business earned $5.48 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.86%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JMP Securities upped their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Bank of America upped their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of large investors have recently added to or reduced their stakes in GS. Jackson Grant Investment Advisers Inc. grew its holdings in shares of The Goldman Sachs Group by 10.9% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after purchasing an additional 16 shares in the last quarter. Ledyard National Bank grew its stake in The Goldman Sachs Group by 3.4% during the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock worth $278,000 after buying an additional 16 shares in the last quarter. Seelaus Asset Management LLC increased its holdings in The Goldman Sachs Group by 2.5% in the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock valued at $378,000 after buying an additional 16 shares during the period. Genesee Capital Advisors LLC raised its position in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after buying an additional 17 shares in the last quarter. Finally, Horst & Graben Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock worth $675,000 after acquiring an additional 17 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

About The Goldman Sachs Group

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.