Goldman Sachs Group Director William George Unloads 4,500 Shares (GS)
Goldman Sachs Group (NYSE:GS) Director William George sold 4,500 shares of Goldman Sachs Group stock on the open market in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $162.29, for a total transaction of $730,305.00. Following the completion of the transaction, the director now directly owns 32,400 shares of the company’s stock, valued at approximately $5,258,196. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
GS has been the subject of a number of recent research reports. Analysts at Deutsche Bank upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 24th. They now have a $181.00 price target on the stock, up previously from $163.00. Separately, analysts at Susquehanna cut their price target on shares of Goldman Sachs Group from $187.00 to $185.00 in a research note to investors on Friday, October 18th. They now have a “positive” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs Group in a research note to investors on Friday, October 18th. They now have a $166.00 price target on the stock. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $163.76.
Shares of Goldman Sachs Group (NYSE:GS) traded down 0.73% during mid-day trading on Thursday, hitting $160.86. 2,786,563 shares of the company’s stock traded hands. Goldman Sachs Group has a 52-week low of $105.31 and a 52-week high of $169.69. The stock has a 50-day moving average of $160. and a 200-day moving average of $157.8. The company has a market cap of $73.754 billion and a P/E ratio of 9.82.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Thursday, October 17th. The company reported $2.88 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $2.88. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The company’s revenue for the quarter was down 19.5% on a year-over-year basis. Analysts expect that Goldman Sachs Group will post $15.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.50.
The Goldman Sachs Group, Inc (NYSE:GS), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.