Insider Selling: The Goldman Sachs Group, Inc. (NYSE:GS) Major Shareholder Sells $71,896,193.28 in Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) major shareholder Goldman Sachs Group Inc sold 3,186,888 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $22.56, for a total value of $71,896,193.28. Following the transaction, the insider now owns 24,826,071 shares in the company, valued at $560,076,161.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Goldman Sachs Group Inc also recently made the following trade(s):

  • On Friday, November 18th, Goldman Sachs Group Inc sold 129,393 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $20.94, for a total transaction of $2,709,489.42.
  • On Wednesday, November 16th, Goldman Sachs Group Inc sold 84,024 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $22.53, for a total transaction of $1,893,060.72.
  • On Monday, November 14th, Goldman Sachs Group Inc sold 186,114 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $22.20, for a total transaction of $4,131,730.80.
  • On Friday, November 11th, Goldman Sachs Group Inc sold 187,059 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $22.40, for a total value of $4,190,121.60.
  • On Wednesday, September 14th, Goldman Sachs Group Inc sold 110,584 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $27.03, for a total value of $2,989,085.52.
  • On Monday, September 12th, Goldman Sachs Group Inc sold 90,313 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $27.39, for a total value of $2,473,673.07.
  • On Friday, September 9th, Goldman Sachs Group Inc sold 83,312 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $26.45, for a total transaction of $2,203,602.40.
  • On Wednesday, September 7th, Goldman Sachs Group Inc sold 87,974 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $24.81, for a total transaction of $2,182,634.94.
  • On Monday, August 29th, Goldman Sachs Group Inc sold 31,735 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $25.09, for a total transaction of $796,231.15.
  • On Friday, August 26th, Goldman Sachs Group Inc sold 40,243 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $25.48, for a total transaction of $1,025,391.64.

The Goldman Sachs Group Stock Up 0.6 %

GS opened at $386.25 on Friday. The firm has a market capitalization of $130.80 billion, a P/E ratio of 10.29 and a beta of 1.38. The Goldman Sachs Group, Inc. has a one year low of $277.84 and a one year high of $412.66. The company has a fifty day moving average price of $333.00 and a 200-day moving average price of $322.93. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.84 and a quick ratio of 0.84.

The Goldman Sachs Group (NYSE:GSGet Rating) last posted its earnings results on Tuesday, October 18th. The investment management company reported $8.25 EPS for the quarter, topping the consensus estimate of $7.47 by $0.78. The business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.53 billion. The Goldman Sachs Group had a return on equity of 13.23% and a net margin of 22.50%. The firm’s revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $14.93 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 33.35 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be given a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, November 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 26.63%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GS shares. Keefe, Bruyette & Woods upgraded shares of The Goldman Sachs Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $395.00 to $429.00 in a report on Thursday, October 6th. JMP Securities boosted their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 11th. BMO Capital Markets cut their target price on shares of The Goldman Sachs Group from $470.00 to $469.00 and set an “outperform” rating for the company in a research report on Wednesday, October 19th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of The Goldman Sachs Group from $430.00 to $370.00 and set a “hold” rating on the stock in a research report on Monday, September 12th. Finally, Odeon Capital Group downgraded shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $400.19.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in The Goldman Sachs Group by 17.0% in the first quarter. Vanguard Group Inc. now owns 30,583,504 shares of the investment management company’s stock worth $10,095,615,000 after buying an additional 4,451,999 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 44.3% in the 3rd quarter. Fisher Asset Management LLC now owns 4,743,628 shares of the investment management company’s stock worth $1,390,120,000 after acquiring an additional 1,456,801 shares during the last quarter. Maj Invest Holding A S boosted its stake in shares of The Goldman Sachs Group by 140,326.4% in the 3rd quarter. Maj Invest Holding A S now owns 702,132 shares of the investment management company’s stock valued at $205,761,000 after purchasing an additional 701,632 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $193,360,000. Finally, Wellington Management Group LLP raised its position in The Goldman Sachs Group by 58.5% in the 1st quarter. Wellington Management Group LLP now owns 1,298,015 shares of the investment management company’s stock worth $428,474,000 after purchasing an additional 479,032 shares during the period. 69.08% of the stock is owned by hedge funds and other institutional investors.

About The Goldman Sachs Group

(Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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

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