Goldman Sachs Group Sees Unusually High Options Volume (GS)
Shares of Goldman Sachs Group (NYSE:GS) saw unusually large options trading on Monday. Stock traders acquired 13,715 put options on the stock, StockRatingsNetwork reports. This represents an increase of 129% compared to the average volume of 5,984 put options.
In other Goldman Sachs Group news, Insider Sarah Smith unloaded 16,787 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $174.79, for a total transaction of $2,934,199.73. Following the transaction, the insider now directly owns 17,711 shares of the company’s stock, valued at approximately $3,095,706. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on GS shares. Analysts at TheStreet reiterated a “buy” rating on shares of Goldman Sachs Group in a research note to investors on Tuesday, January 21st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs Group in a research note to investors on Friday, January 17th. They now have a $184.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Goldman Sachs Group from $165.00 to $175.00 in a research note to investors on Friday, January 17th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $168.88.
Goldman Sachs Group (NYSE:GS) traded down 1.76% on Monday, hitting $164.69. 5,590,023 shares of the company’s stock traded hands. Goldman Sachs Group has a one year low of $137.29 and a one year high of $181.13. The stock has a 50-day moving average of $174.1 and a 200-day moving average of $164.. The company has a market cap of $75.510 billion and a price-to-earnings ratio of 10.15.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The company reported $4.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.18 by $0.42. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $7.62 billion. During the same quarter in the prior year, the company posted $5.60 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts predict that Goldman Sachs Group will post $15.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of 0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Wednesday, February 26th.
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.
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