The Goldman Sachs Group, Inc. (NYSE:GS) EVP Sells $3,826,245.76 in Stock
Goldman Sachs EVP John F.W. Rogers sold 6,416 shares of the company's stock for $826,245.76 on November 6th, reducing his ownership by 0.00%. He now holds 57,614 shares valued at approximately $3,358,685.04. The sale was disclosed to the SEC. The stock traded at $XX.XX, with a 52-week range of $XX.XX to $XX.XX. Goldman Sachs reported a quarterly EPS of $XX.40, exceeding estimates, and announced a dividend of $0.00 per share, payable on December 30th.
The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) EVP John F.W. Rogers sold 6,416 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
The Goldman Sachs Group Stock Performance
- Viking Therapeutics Stock: A Pre-Election Bet Worth Considering
GS stock traded up $7.09 during trading on Friday, reaching $589.26. The stock had a trading volume of 2,707,182 shares, compared to its average volume of 2,229,891. The Goldman Sachs Group, Inc. has a 52 week low of $319.66 and a 52 week high of $598.60. The stock's 50 day moving average is $504.77 and its two-hundred day moving average is $480.57. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 2.07. The firm has a market cap of $186.09 billion, a PE ratio of 17.27, a PEG ratio of 0.74 and a beta of 1.35.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter last year, the company earned $5.47 earnings per share. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
- MarketBeat Week in Review – 10/21- 10/25
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group's dividend payout ratio is currently 35.21%.
Institutional Trading of The Goldman Sachs Group
Institutional investors have recently made changes to their positions in the business. Semmax Financial Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth about $26,000. POM Investment Strategies LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth about $27,000. SJS Investment Consulting Inc. grew its position in shares of The Goldman Sachs Group by 103.3% during the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company's stock worth $28,000 after purchasing an additional 31 shares in the last quarter. Finally, West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $30,000. Hedge funds and other institutional investors own 71.21% of the company's stock.
Wall Street Analyst Weigh In
- Goldman Sachs: Raises the Bar for Banks After Crushing Q3 2024
Several brokerages recently weighed in on GS. Bank of America upped their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Citigroup upped their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 16th. BMO Capital Markets upped their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 17th. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $527.63.
Get Our Latest Stock Report on The Goldman Sachs Group
The Goldman Sachs Group Company Profile
(Get Free Report)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.
See Also
- Five stocks we like better than The Goldman Sachs Group
- Do ETFs Pay Dividends? What You Need to Know
- Dot Ai IPO: CEO Ed Nabrotzky Shares Vision for Logistics Future
- How to Evaluate a Stock Before Buying
- The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut
- Options Trading - Understanding Strike Price
- The Top 5 Performing S&P 500 Stocks YTD in 2024
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ 📉 Warning: Market Crash Predicted - Secure Your Savings (From Behind the Markets) (Ad)
Should you invest $1,000 in The Goldman Sachs Group right now?
Before you consider The Goldman Sachs Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Goldman Sachs Group wasn't on the list.
While The Goldman Sachs Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
