Carey Halio Sells 3,640 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GS) Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Carey Halio also recently made the following trade(s):

• On Tuesday, January 21st, Carey Halio sold 1,545 shares of The Goldman Sachs Group stock. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15.

The Goldman Sachs Group Stock Up 0.7 %

Shares of The Goldman Sachs Group stock traded up $4.43 during trading on Tuesday, reaching $637.71. 2,330,699 shares of the company traded hands, compared to its average volume of 2,740,307. The firm has a market capitalization of $200.18 billion, a PE ratio of 15.73, a P/E/G ratio of 0.88 and a beta of 1.38. The company has a 50 day moving average price of $592.09 and a 200-day moving average price of $537.59. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. 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 released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.48 earnings per share. As a group, equities 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. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.88%. The Goldman Sachs Group’s payout ratio is 29.59%.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth about $26,000. West Branch Capital LLC purchased a new position in The Goldman Sachs Group in the third quarter valued at approximately $30,000. DT Investment Partners LLC raised its stake in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares during the period. Truvestments Capital LLC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $34,000. Finally, Country Trust Bank bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $37,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

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.