The Goldman Sachs Group, Inc. (NYSE:GS) Director Sells $3,060,400.00 in Stock

The Goldman Sachs Group, Inc. (NYSE:GS) Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares in the company, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

The Goldman Sachs Group Price Performance

GS stock opened at $601.94 on Wednesday. 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 company’s fifty day moving average price is $545.10 and its 200-day moving average price is $501.59. The Goldman Sachs Group, Inc. has a one year low of $340.54 and a one year high of $612.73. The company has a market capitalization of $188.95 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $5.47 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 1.99%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Institutional Investors Weigh In On The Goldman Sachs Group

Large investors have recently made changes to their positions in the stock. Mizuho Securities USA LLC raised its position in shares of The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after buying an additional 7,475,140 shares during the last quarter. FMR LLC lifted its position in shares of The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in The Goldman Sachs Group by 7,932.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock worth $200,959,000 after purchasing an additional 438,754 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in The Goldman Sachs Group by 878.8% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 397,082 shares of the investment management company’s stock valued at $179,608,000 after buying an additional 356,512 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after purchasing an additional 251,972 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on GS. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley raised their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. UBS Group raised their price target on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $557.88.

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.