The Goldman Sachs Group, Inc. (NYSE:GS) Major Shareholder Sells $25,360,000.00 in Stock

The Goldman Sachs Group, Inc. (NYSE:GS) major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

The Goldman Sachs Group Stock Up 0.8 %

GS traded up $3.72 during trading on Monday, reaching $450.18. 1,517,001 shares of the stock were exchanged, compared to its average volume of 2,286,035. The stock has a market cap of $145.17 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 0.90 and a beta of 1.39. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $471.48. The stock’s 50 day moving average price is $440.06 and its two-hundred day moving average price is $404.42. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the previous year, the company earned $8.79 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.44%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Analysts Set New Price Targets

Several research firms have weighed in on GS. JMP Securities raised their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Edward Jones began coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $440.57.

Hedge Funds Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently modified their holdings of the business. First Personal Financial Services bought a new stake in The Goldman Sachs Group during the first quarter worth about $25,000. First United Bank & Trust bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $26,000. Versant Capital Management Inc lifted its position in The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after purchasing an additional 34 shares during the period. Pineridge Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after acquiring an additional 44 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Company Profile

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.