Goldman Sachs (NYSE:GS) insider David M. Solomon sold 3,497 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $244.40, for a total value of $854,666.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NYSE:GS traded down $0.67 during trading on Wednesday, hitting $240.89. 163,344 shares of the stock were exchanged, compared to its average volume of 3,466,971. The firm has a market capitalization of $92.13 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.92 and a quick ratio of 0.92. Goldman Sachs has a 12-month low of $240.61 and a 12-month high of $241.76.
Goldman Sachs (NYSE:GS) last announced its quarterly earnings results on Tuesday, April 17th. The investment management company reported $6.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.58 by $1.37. The business had revenue of $10.04 billion for the quarter, compared to analyst estimates of $8.73 billion. Goldman Sachs had a return on equity of 12.58% and a net margin of 14.27%. The company’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.15 EPS. equities analysts anticipate that Goldman Sachs will post 23.27 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.80 per share. This is a positive change from Goldman Sachs’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, May 30th. This represents a $3.20 annualized dividend and a dividend yield of 1.33%. Goldman Sachs’s payout ratio is 15.18%.
Several large investors have recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new position in shares of Goldman Sachs during the 4th quarter worth approximately $113,000. Cerebellum GP LLC acquired a new position in shares of Goldman Sachs during the 4th quarter worth approximately $122,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Goldman Sachs during the 4th quarter worth approximately $127,000. We Are One Seven LLC acquired a new position in shares of Goldman Sachs during the 4th quarter worth approximately $137,000. Finally, Crewe Advisors LLC raised its position in shares of Goldman Sachs by 65.5% during the 1st quarter. Crewe Advisors LLC now owns 581 shares of the investment management company’s stock worth $146,000 after purchasing an additional 230 shares during the last quarter. 73.48% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently issued reports on GS. Morgan Stanley raised their price target on Goldman Sachs from $294.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. JPMorgan Chase reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Goldman Sachs in a report on Thursday, March 15th. Wells Fargo reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Goldman Sachs in a report on Thursday, January 25th. Zacks Investment Research raised Goldman Sachs from a “hold” rating to a “buy” rating and set a $294.00 price objective on the stock in a report on Tuesday, March 20th. Finally, Vetr lowered Goldman Sachs from a “hold” rating to a “sell” rating and set a $246.36 price objective on the stock. in a report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $266.78.
About Goldman Sachs
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
Receive News & Ratings for Goldman Sachs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs and related companies with MarketBeat.com's FREE daily email newsletter.