Investors Purchase Large Volume of Call Options on Goldman Sachs (GS)
Shares of Goldman Sachs (NYSE:GS) were the recipient of some unusual options trading on Friday. Stock traders purchased 14,129 call options on the company, Analyst Ratings Network reports. This is an increase of approximately 176% compared to the average daily volume of 5,114 call options.
In other Goldman Sachs news, EVP John F.W. Rogers sold 86,692 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $175.00, for a total transaction of $15,171,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $180.17.
Goldman Sachs (NYSE:GS) traded up 0.18% during mid-day trading on Friday, hitting $175.47. 2,669,261 shares of the company’s stock traded hands. 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 $171.4 and its 200-day moving average is $165.1. The company has a market cap of $80.330 billion and a price-to-earnings ratio of 11.24.
Goldman Sachs (NYSE:GS) last posted its quarterly 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. On average, analysts predict that Goldman Sachs will post $16.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 29th. Shareholders 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.
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