The Goldman Sachs Group, Inc. (NYSE:GS) CAO Sells $1,275,338.34 in Stock

The Goldman Sachs Group, Inc. (NYSE:GS) CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $636.80 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $199.90 billion, a P/E ratio of 15.70, a PEG ratio of 0.88 and a beta of 1.38. The business has a 50-day moving average of $591.21 and a 200-day moving average of $535.67. The Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.48 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its holdings in The Goldman Sachs Group by 4.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock worth $6,586,000 after buying an additional 634 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of The Goldman Sachs Group by 3.8% during the second quarter. Evergreen Capital Management LLC now owns 1,530 shares of the investment management company’s stock worth $692,000 after acquiring an additional 56 shares during the period. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group in the 2nd quarter valued at $26,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in The Goldman Sachs Group by 59.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,161 shares of the investment management company’s stock worth $28,117,000 after purchasing an additional 23,094 shares during the period. Finally, Zurich Insurance Group Ltd FI increased its holdings in The Goldman Sachs Group by 71.6% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 99,293 shares of the investment management company’s stock worth $44,912,000 after purchasing an additional 41,446 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Evercore ISI raised their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.