Insider Selling: Goldman Sachs EVP Sells 7,071 Shares of Stock (GS)
Goldman Sachs (NYSE:GS) EVP Edith W. Cooper unloaded 7,071 shares of Goldman Sachs stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $177.11, for a total value of $1,252,344.81. Following the completion of the transaction, the executive vice president now directly owns 58,873 shares in the company, valued at approximately $10,426,997. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at MKM Partners initiated coverage on shares of Goldman Sachs in a research note on Tuesday. They set a “buy” rating and a $213.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $182.91.
Shares of Goldman Sachs (NYSE:GS) traded up 0.55% during mid-day trading on Friday, hitting $178.62. The stock had a trading volume of 1,430,240 shares. Goldman Sachs has a 52-week low of $151.33 and a 52-week high of $181.13. The stock has a 50-day moving average of $172. and a 200-day moving average of $165.7. The company has a market cap of $81.772 billion and a P/E ratio of 11.40.
Goldman Sachs (NYSE:GS) last announced its 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. On average, analysts predict that Goldman Sachs will post $16.54 earnings per share 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 1.24%. 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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