Insider Selling: Goldman Sachs Chairman Sells 18,315 Shares of Stock (GS)
Goldman Sachs (NYSE:GS) Chairman Michael S. Sherwood sold 18,315 shares of the company’s stock on the open market in a transaction dated Monday, July 28th. The stock was sold at an average price of $175.65, for a total transaction of $3,217,029.75. Following the transaction, the chairman now directly owns 146,110 shares in the company, valued at approximately $25,664,222. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
GS has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Goldman Sachs in a research note on Thursday, July 17th. They now have a $180.00 price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Wednesday, July 16th. They now have a $180.00 price target on the stock, up previously from $175.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Goldman Sachs in a research note on Wednesday, July 16th. They now have a $150.00 price target on the stock, up previously from $148.00. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $180.17.
Shares of Goldman Sachs (NYSE:GS) traded up 0.22% on Wednesday, hitting $175.93. The stock had a trading volume of 1,798,192 shares. Goldman Sachs has a 52 week low of $151.33 and a 52 week high of $181.13. The stock’s 50-day moving average is $169.1 and its 200-day moving average is $164.8. The company has a market cap of $80.541 billion and a price-to-earnings ratio of 11.26.
Goldman Sachs (NYSE:GS) last announced its earnings results on Tuesday, July 15th. The company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $1.01. The company had revenue of $9.13 billion for the quarter, compared to the consensus estimate of $7.98 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Goldman Sachs will post $16.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, August 27th.
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.