Kathryn Ruemmler Sells 9,589 Shares of The Goldman Sachs Group (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) insider Kathryn Ruemmler sold 9,589 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the completion of the transaction, the insider owned 18,533 shares of the company’s stock, valued at $17,189,542.83. This trade represents a 34.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

The Goldman Sachs Group Trading Up 0.7%

Shares of GS opened at $936.69 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The firm’s 50-day moving average price is $891.48 and its 200-day moving average price is $805.95. The firm has a market capitalization of $280.94 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.14 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The Goldman Sachs Group’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $11.95 earnings per share. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a dividend of $4.50 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 31.20%.

Hedge Funds Weigh In On The Goldman Sachs Group

Hedge funds have recently added to or reduced their stakes in the company. Lebenthal Global Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 16.0% in the 4th quarter. Lebenthal Global Advisors LLC now owns 907 shares of the investment management company’s stock worth $797,000 after purchasing an additional 125 shares in the last quarter. First Financial Group Corp bought a new stake in The Goldman Sachs Group in the 4th quarter worth about $207,000. Nadler Financial Group Inc. raised its position in The Goldman Sachs Group by 14.4% in the 4th quarter. Nadler Financial Group Inc. now owns 404 shares of the investment management company’s stock worth $355,000 after buying an additional 51 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its stake in The Goldman Sachs Group by 26.5% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 62 shares of the investment management company’s stock valued at $54,000 after acquiring an additional 13 shares during the period. Finally, Cape ANN Savings Bank boosted its holdings in shares of The Goldman Sachs Group by 5.6% during the 4th quarter. Cape ANN Savings Bank now owns 380 shares of the investment management company’s stock valued at $334,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GS has been the topic of a number of research reports. UBS Group boosted their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Bank of America lifted their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Daiwa Capital Markets upped their price objective on shares of The Goldman Sachs Group from $823.00 to $927.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Royal Bank Of Canada raised their target price on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Jefferies Financial Group boosted their price target on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $898.00.

View Our Latest Report on GS

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The Goldman Sachs Group Company Profile

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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