The Goldman Sachs Group, Inc. (NYSE:GS) Treasurer Carey Halio Sells 3,640 Shares

The Goldman Sachs Group, Inc. (NYSE:GS) Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. The trade was a 44.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Carey Halio also recently made the following trade(s):

• On Tuesday, January 21st, Carey Halio sold 1,545 shares of The Goldman Sachs Group stock. The shares were sold at an average price of $624.67, for a total value of $965,115.15.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $637.71 on Wednesday. The firm has a market cap of $200.18 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54. The firm’s 50-day simple moving average is $592.09 and its 200-day simple moving average is $537.59. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the business posted $5.48 EPS. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.88%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JMP Securities raised their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Citigroup raised their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Finally, HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $591.06.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GS. Angeles Wealth Management LLC boosted its position in The Goldman Sachs Group by 30.4% during the 4th quarter. Angeles Wealth Management LLC now owns 665 shares of the investment management company’s stock valued at $381,000 after purchasing an additional 155 shares during the period. Activest Wealth Management boosted its holdings in shares of The Goldman Sachs Group by 12.7% during the fourth quarter. Activest Wealth Management now owns 222 shares of the investment management company’s stock valued at $127,000 after acquiring an additional 25 shares during the period. Focused Wealth Management Inc grew its position in shares of The Goldman Sachs Group by 0.5% during the fourth quarter. Focused Wealth Management Inc now owns 4,798 shares of the investment management company’s stock worth $2,748,000 after acquiring an additional 26 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of The Goldman Sachs Group by 8.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 22,139 shares of the investment management company’s stock worth $12,677,000 after acquiring an additional 1,697 shares during the period. Finally, Stephens Inc. AR lifted its position in The Goldman Sachs Group by 8.2% in the 4th quarter. Stephens Inc. AR now owns 59,017 shares of the investment management company’s stock valued at $33,794,000 after purchasing an additional 4,469 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

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.