Goldman Sachs Group Insider Sarah G. Smith Unloads 8,839 Shares (GS)
Goldman Sachs Group (NYSE:GS) Insider Sarah G. Smith unloaded 8,839 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $166.82, for a total value of $1,474,521.98. Following the completion of the sale, the insider now directly owns 28,674 shares of the company’s stock, valued at approximately $4,783,397. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Goldman Sachs Group (NYSE:GS) traded down 1.41% during mid-day trading on Wednesday, hitting $163.90. The stock had a trading volume of 3,489,186 shares. Goldman Sachs Group has a 1-year low of $137.29 and a 1-year high of $181.13. The stock has a 50-day moving average of $174.0 and a 200-day moving average of $165.. The company has a market cap of $76.607 billion and a price-to-earnings ratio of 10.75. Goldman Sachs Group also was the target of unusually large options trading on Monday. Traders bought 13,715 put options on the company. This is an increase of approximately 129% compared to the typical volume of 5,984 put options.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $4.60 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $5.60 earnings per share. Goldman Sachs Group’s revenue was down 4.9% compared to the same quarter last year. On average, analysts predict that Goldman Sachs Group will post $15.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Stockholders 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.
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 equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $168.88.
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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