The Goldman Sachs Group, Inc. (NYSE:GS – Get Free Report) Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
The Goldman Sachs Group Stock Down 0.0 %
Shares of The Goldman Sachs Group stock opened at $426.54 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The company’s fifty day simple moving average is $402.81 and its two-hundred day simple moving average is $372.96. The company has a market cap of $138.43 billion, a P/E ratio of 16.66, a PEG ratio of 1.35 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $433.43.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.79 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current year.
The Goldman Sachs Group Announces Dividend
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Evercore ISI lifted their price target on shares of 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. Royal Bank of Canada lifted their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research note on Tuesday, April 16th. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Finally, Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $437.04.
Get Our Latest Stock Analysis on The Goldman Sachs Group
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $1,903,374,000. Norges Bank purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $1,120,119,000. Congress Wealth Management LLC DE grew its position in shares of The Goldman Sachs Group by 27,076.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after buying an additional 650,918 shares during the period. Wellington Management Group LLP grew its position in shares of The Goldman Sachs Group by 27.0% in the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after buying an additional 464,954 shares during the period. Finally, Morgan Stanley grew its position in shares of The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after buying an additional 412,383 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.
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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