Goldman Sachs Group Inc (GS) Director Sells $4,395,825.00 in Stock

Goldman Sachs Group Inc (NYSE:GS) Director David A. Viniar sold 17,500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $251.19, for a total value of $4,395,825.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Goldman Sachs Group Inc (NYSE GS) traded up $5.15 during mid-day trading on Monday, reaching $256.12. The company had a trading volume of 4,643,000 shares, compared to its average volume of 3,606,292. The stock has a market capitalization of $98,240.00, a PE ratio of 29.54, a price-to-earnings-growth ratio of 0.93 and a beta of 1.47. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.08 earnings per share. research analysts predict that Goldman Sachs Group Inc will post 21.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 34.60%.

Several equities analysts have recently issued reports on the company. Credit Suisse Group cut Goldman Sachs Group from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. Vining Sparks reiterated a “hold” rating and issued a $270.00 price objective on shares of Goldman Sachs Group in a research note on Monday, January 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, October 19th. Barclays reiterated an “equal weight” rating and issued a $289.00 price objective (down previously from $308.00) on shares of Goldman Sachs Group in a research note on Thursday. Finally, BMO Capital Markets lifted their price objective on Goldman Sachs Group from $202.00 to $217.00 and gave the company a “market perform” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $254.67.

A number of hedge funds have recently bought and sold shares of the stock. Geller Family Office Services LLC increased its position in Goldman Sachs Group by 0.3% during the second quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after buying an additional 3 shares during the period. Hudock Capital Group LLC increased its position in Goldman Sachs Group by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after buying an additional 4 shares during the period. FTB Advisors Inc. increased its position in Goldman Sachs Group by 0.3% during the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after buying an additional 5 shares during the period. King Luther Capital Management Corp increased its position in Goldman Sachs Group by 0.4% during the second quarter. King Luther Capital Management Corp now owns 1,725 shares of the investment management company’s stock worth $383,000 after buying an additional 7 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Goldman Sachs Group by 0.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,245 shares of the investment management company’s stock worth $720,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 73.31% of the company’s stock.

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About Goldman Sachs Group

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.

Insider Buying and Selling by Quarter for Goldman Sachs Group (NYSE:GS)

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