The Goldman Sachs Group (NYSE:GS) CFO Denis Coleman Sells 11,623 Shares

The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) CFO Denis Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer owned 29,342 shares in the company, valued at $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Goldman Sachs Group Stock Down 0.3%

Shares of GS stock traded down $3.06 during mid-day trading on Wednesday, reaching $945.93. 2,568,610 shares of the company were exchanged, compared to its average volume of 2,534,054. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The business’s 50 day simple moving average is $914.60 and its 200 day simple moving average is $820.58. The company has a market capitalization of $283.71 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.16 and a beta of 1.34. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period last year, the business earned $11.95 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Stockholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 31.20%.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GS shares. Bank of America lifted their price target on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, January 16th. Jefferies Financial Group lifted their price objective on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. HSBC boosted their price target on shares of The Goldman Sachs Group from $742.00 to $802.00 in a research report on Friday, February 6th. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $750.00 to $775.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $916.86.

Read Our Latest Analysis on The Goldman Sachs Group

Institutional Trading of The Goldman Sachs Group

A number of hedge funds have recently modified their holdings of the business. Dagco Inc. acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at $25,000. Harbor Capital Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $26,000. Manning & Napier Advisors LLC increased its holdings in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after buying an additional 23 shares during the last quarter. First PREMIER Bank bought a new position in The Goldman Sachs Group during the third quarter valued at approximately $28,000. Finally, Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

About The Goldman Sachs Group

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

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