Sen. Markwayne Mullin Buys The Goldman Sachs Group, Inc. (NYSE:GS) Shares

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of The Goldman Sachs Group, Inc. (NYSE:GS). In a filing disclosed on February 27th, the Senator disclosed that they had bought between $1,001 and $15,000 in The Goldman Sachs Group stock on February 3rd.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 2/13/2025.
• Purchased $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Brick (TSE:BRK) on 2/13/2025.
• Sold $100,001 – $250,000 in shares of Vanguard Materials ETF (NYSEARCA:VAW) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Constellation Brands (NYSE:STZ) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of LPL Financial (NASDAQ:LPLA) on 2/13/2025.
• Purchased $15,001 – $50,000 in shares of TJX Companies (NYSE:TJX) on 2/13/2025.
• Sold $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/13/2025.

The Goldman Sachs Group Stock Down 1.6 %

Shares of GS stock opened at $607.99 on Friday. The company’s fifty day simple moving average is $615.62 and its two-hundred day simple moving average is $561.52. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. The stock has a market cap of $189.72 billion, a P/E ratio of 14.99, a PEG ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.48 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.97%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Institutional Trading of The Goldman Sachs Group

A number of institutional investors have recently bought and sold shares of GS. Asset Management One Co. Ltd. raised its position in The Goldman Sachs Group by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after acquiring an additional 5,541 shares during the period. Franklin Street Advisors Inc. NC boosted its stake in The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after purchasing an additional 2,863 shares during the last quarter. Park Edge Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $703,000. Atlas Legacy Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $356,000. Finally, Nordea Investment Management AB lifted its stake in shares of The Goldman Sachs Group by 30.3% in the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after buying an additional 49,710 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GS. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $690.00 to $660.00 in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, Barclays increased their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $591.69.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.57% of the stock is owned by insiders.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.