Goldman Sachs Group, Inc. (The) (NYSE:GS) saw some unusual options trading activity on Tuesday. Investors acquired 16,725 put options on the stock. This represents an increase of 104% compared to the typical volume of 8,184 put options.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 215.84 on Friday. The firm has a market cap of $83.79 billion, a price-to-earnings ratio of 11.32 and a beta of 1.42. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The stock has a 50 day moving average of $223.69 and a 200 day moving average of $227.36.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.72 EPS. On average, equities research analysts expect that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.39%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the sale, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the completion of the sale, the executive vice president now owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in GS. Sumitomo Mitsui Financial Group Inc. purchased a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter worth $101,000. WealthTrust Arizona LLC increased its holdings in shares of Goldman Sachs Group, Inc. (The) by 97.1% in the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. increased its holdings in shares of Goldman Sachs Group, Inc. (The) by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $111,000. Finally, Gs Investments Inc. purchased a new position in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $111,000. Institutional investors own 73.38% of the company’s stock.

A number of research analysts have issued reports on GS shares. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, May 23rd. Vetr raised shares of Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “sell” rating and set a $189.07 price target for the company in a report on Wednesday, May 31st. Zacks Investment Research cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Instinet reaffirmed a “neutral” rating and issued a $205.00 price target (down previously from $214.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $235.44.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/08/goldman-sachs-group-inc-the-target-of-unusually-large-options-trading-gs.html.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Receive News & Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.