Insider Selling: Goldman Sachs Group Director Sells 5,000 Shares of Stock (GS)
Goldman Sachs Group (NYSE:GS) Director Claes Dahlback unloaded 5,000 shares of the stock on the open market in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $160.50, for a total value of $802,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Goldman Sachs Group (NYSE:GS) traded down 0.32% on Friday, hitting $161.24. 3,991,639 shares of the company’s stock traded hands. Goldman Sachs Group has a 52 week low of $137.29 and a 52 week high of $181.13. The stock has a 50-day moving average of $172.4 and a 200-day moving average of $165.0. The company has a market cap of $75.363 billion and a price-to-earnings ratio of 10.46.
Goldman Sachs Group (NYSE:GS) last posted its quarterly 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 $15.77 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 1.36%. The ex-dividend date is Wednesday, February 26th.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Goldman Sachs Group in a research note to investors on Thursday. Separately, analysts at Guggenheim upgraded shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $167.70.
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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