The Goldman Sachs Group (NYSE:GS) Trading Down 0.3% Following Insider Selling

The Goldman Sachs Group, Inc. (NYSE:GS) shares fell 0.3% on Monday after an insider sold shares in the company. The stock traded as low as $443.39 and last traded at $445.26. 212,125 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 2,274,661 shares. The stock had previously closed at $446.46.

Specifically, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on GS shares. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Bank of America boosted their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup boosted their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Evercore ISI boosted their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $440.57.

The Goldman Sachs Group Stock Up 1.6 %

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The stock has a market cap of $147.46 billion, a PE ratio of 17.86, a P/E/G ratio of 0.91 and a beta of 1.39. The business has a 50 day moving average price of $440.99 and a 200 day moving average price of $405.19.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.41%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds have recently bought and sold shares of GS. First Personal Financial Services purchased a new position in The Goldman Sachs Group during the first quarter worth approximately $25,000. First United Bank & Trust purchased a new position in The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in shares of The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 34 shares in the last quarter. Pineridge Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC lifted its position 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 valued at $31,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors 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.