Brian J. Lee Sells 2,000 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GS) insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Goldman Sachs Group Stock Down 0.1 %

NYSE GS traded down $0.64 during trading hours on Friday, hitting $528.36. 1,779,059 shares of the company were exchanged, compared to its average volume of 2,219,317. The company has a 50 day moving average of $497.39 and a two-hundred day moving average of $468.25. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $540.51. The firm has a market cap of $170.38 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the business earned $5.47 EPS. The Goldman Sachs Group’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.27%. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. American National Bank raised its stake in shares of The Goldman Sachs Group by 12.4% during the 1st quarter. American National Bank now owns 345 shares of the investment management company’s stock worth $144,000 after buying an additional 38 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of The Goldman Sachs Group by 3.0% during the 1st quarter. Park Avenue Securities LLC now owns 5,358 shares of the investment management company’s stock worth $2,238,000 after buying an additional 154 shares in the last quarter. Allied Investment Advisors LLC raised its stake in shares of The Goldman Sachs Group by 3.5% during the 1st quarter. Allied Investment Advisors LLC now owns 23,223 shares of the investment management company’s stock worth $9,700,000 after buying an additional 790 shares in the last quarter. Capital CS Group LLC purchased a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $684,000. Finally, RFG Advisory LLC increased its stake in The Goldman Sachs Group by 9.5% in the 1st quarter. RFG Advisory LLC now owns 2,401 shares of the investment management company’s stock valued at $1,003,000 after purchasing an additional 208 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GS has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Finally, Bank of America boosted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.69.

About The Goldman Sachs Group

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.