Carey Halio Sells 1,757 Shares of The Goldman Sachs Group (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) Treasurer Carey Halio sold 1,757 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $920.62, for a total value of $1,617,529.34. Following the sale, the treasurer directly owned 4,863 shares of the company’s stock, valued at approximately $4,476,975.06. This trade represents a 26.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

The Goldman Sachs Group Stock Down 0.3%

Shares of NYSE:GS traded down $2.52 during midday trading on Tuesday, hitting $929.34. 2,009,387 shares of the company’s stock traded hands, compared to its average volume of 2,582,120. The firm’s fifty day moving average price is $885.41 and its two-hundred day moving average price is $803.44. 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 Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company has a market cap of $278.74 billion, a PE ratio of 18.12, a P/E/G ratio of 1.13 and a beta of 1.33.

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

The Goldman Sachs Group Increases Dividend

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

The Goldman Sachs Group News Summary

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

Analyst Ratings Changes

Several research firms have recently weighed in on GS. UBS Group raised their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Dbs Bank lifted their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Rothschild & Co Redburn upped their price target on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Jefferies Financial Group upped their price target on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company 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 issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $898.00.

Get Our Latest Research Report on The Goldman Sachs Group

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors have recently bought and sold shares of the business. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $25,000. Harbor Capital Advisors Inc. acquired a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $26,000. First PREMIER Bank bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at about $28,000. Corundum Trust Company INC acquired a new position in shares of The Goldman Sachs Group during the third quarter worth about $29,000. Finally, Dogwood Wealth Management LLC increased its stake in The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

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

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