The Goldman Sachs Group, Inc. (NYSE:GS – Get Free Report) CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the sale, the chief financial officer owned 18,594 shares in the company, valued at $13,469,493.60. The trade was a 28.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
The Goldman Sachs Group Stock Up 1.3%
Shares of NYSE GS opened at $728.63 on Friday. The company’s 50-day simple moving average is $657.60 and its 200-day simple moving average is $605.76. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $729.89. The firm has a market cap of $223.57 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.26.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the business earned $8.62 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on GS shares. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research note on Friday, April 4th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a report on Thursday, July 17th. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. dropped their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Finally, Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $660.00.
Read Our Latest Stock Report on GS
Institutional Trading of The Goldman Sachs Group
Institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $25,000. Dogwood Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter worth about $29,000. Godsey & Gibb Inc. lifted its stake in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after buying an additional 34 shares in the last quarter. Finally, Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.
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.
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