Goldman Sachs Group Inc (GS) VP Gregory K. Palm Sells 4,620 Shares of Stock

Goldman Sachs Group Inc (NYSE:GS) VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,104,133.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Goldman Sachs Group Inc (NYSE GS) traded down $1.59 on Thursday, reaching $236.43. The company had a trading volume of 2,177,200 shares, compared to its average volume of 3,283,831. Goldman Sachs Group Inc has a twelve month low of $209.37 and a twelve month high of $255.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market cap of $89,781.51, a PE ratio of 12.40, a PEG ratio of 1.21 and a beta of 1.48.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 EPS. analysts predict that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.27%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.63%.

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A number of equities analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Wednesday, November 15th. downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $223.80 to $250.00 in a research report on Friday, August 11th. Buckingham Research reaffirmed a “neutral” rating and set a $250.00 price target (up previously from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Wells Fargo & Co assumed coverage on Goldman Sachs Group in a research report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target for the company. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $245.06.

Hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC grew its holdings in shares of Goldman Sachs Group by 0.3% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock worth $242,000 after purchasing an additional 3 shares in the last quarter. ZWJ Investment Counsel Inc. grew its holdings in shares of Goldman Sachs Group by 57.4% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 5,382 shares of the investment management company’s stock worth $1,236,000 after purchasing an additional 1,962 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Goldman Sachs Group by 129.2% during the 1st quarter. Rafferty Asset Management LLC now owns 70,128 shares of the investment management company’s stock worth $16,110,000 after purchasing an additional 39,531 shares in the last quarter. Credit Agricole S A grew its holdings in shares of Goldman Sachs Group by 9.2% during the 1st quarter. Credit Agricole S A now owns 522,456 shares of the investment management company’s stock worth $120,019,000 after purchasing an additional 44,147 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in shares of Goldman Sachs Group by 1.0% during the 1st quarter. United Services Automobile Association now owns 180,575 shares of the investment management company’s stock worth $41,482,000 after purchasing an additional 1,801 shares in the last quarter. Hedge funds and other institutional investors own 74.01% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Insider Buying and Selling by Quarter for Goldman Sachs Group (NYSE:GS)

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