Carey Halio Sells 1,545 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GS) Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $636.80 on Friday. The firm’s 50 day simple moving average is $591.21 and its 200 day simple moving average is $535.67. The firm has a market capitalization of $199.90 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the business posted $5.48 EPS. The company’s revenue was up 22.5% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Calamos Wealth Management LLC grew its stake in shares of The Goldman Sachs Group by 106.5% during the fourth quarter. Calamos Wealth Management LLC now owns 5,048 shares of the investment management company’s stock worth $2,891,000 after buying an additional 2,603 shares during the last quarter. Calamos Advisors LLC grew its position in The Goldman Sachs Group by 5.1% during the 4th quarter. Calamos Advisors LLC now owns 151,897 shares of the investment management company’s stock worth $86,979,000 after acquiring an additional 7,428 shares during the last quarter. Childress Capital Advisors LLC grew its position in The Goldman Sachs Group by 8.8% during the 4th quarter. Childress Capital Advisors LLC now owns 730 shares of the investment management company’s stock worth $418,000 after acquiring an additional 59 shares during the last quarter. Rheos Capital Works Inc. increased its holdings in The Goldman Sachs Group by 2.6% in the 4th quarter. Rheos Capital Works Inc. now owns 255,000 shares of the investment management company’s stock worth $146,018,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its position in The Goldman Sachs Group by 8.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 725 shares of the investment management company’s stock valued at $415,000 after purchasing an additional 57 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GS shares. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America increased their target price 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. JMP Securities boosted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

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.