Goldman Sachs EVP Sells $15,171,100 in Stock (GS)
Goldman Sachs (NYSE:GS) EVP John F.W. Rogers sold 86,692 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $175.00, for a total transaction of $15,171,100.00. Following the transaction, the executive vice president now directly owns 130,034 shares in the company, valued at approximately $22,755,950. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on GS. 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 given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $180.17.
Shares of Goldman Sachs (NYSE:GS) traded up 0.64% on Thursday, hitting $175.15. The stock had a trading volume of 2,070,295 shares. Goldman Sachs has a one year low of $151.33 and a one year high of $181.13. The stock’s 50-day moving average is $171.2 and its 200-day moving average is $165.. The company has a market cap of $80.183 billion and a P/E ratio of 11.17.
Goldman Sachs (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $4.10 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $3.70 earnings per share. Goldman Sachs’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that Goldman Sachs will post $16.53 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 1.26%. 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.
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