Key Points
- CFO Denis Coleman sold 11,623 shares on Feb. 9 at an average price of $941.57 for about $10.94M, trimming his stake by 28.37% to 29,342 shares (≈$27.6M).
- Goldman raised its quarterly dividend to $4.50 (annualized $18.00) for a 1.9% yield, with record/ex‑dividend date on March 2 and payment on March 30.
- Goldman beat Q4 estimates, reporting $13.55 EPS vs. $11.52 expected and $15.71B revenue vs. $14.30B expected, though revenue was down ~3% year‑over‑year.
The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) CFO Denis Coleman sold 11,623 shares of the business's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the transaction, the chief financial officer owned 29,342 shares in the company, valued at $27,627,546.94. The trade was a 28.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
The Goldman Sachs Group Stock Down 0.3%
GS opened at $945.93 on Thursday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. The stock has a market capitalization of $283.71 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.16 and a beta of 1.34. The business has a 50 day simple moving average of $916.78 and a 200-day simple moving average of $821.46.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts' consensus estimates of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The Goldman Sachs Group's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.95 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.
The Goldman Sachs Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.00. The Goldman Sachs Group's payout ratio is 35.09%.
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
Hedge Funds Weigh In On The Goldman Sachs Group
Hedge funds have recently bought and sold shares of the stock. Hartline Investment Corp increased its holdings in The Goldman Sachs Group by 153.3% in the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company's stock valued at $1,132,000 after buying an additional 860 shares during the period. A4 Wealth Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $940,000. Meridian Wealth Management LLC increased its stake in The Goldman Sachs Group by 39.4% in the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company's stock valued at $1,857,000 after acquiring an additional 659 shares during the last quarter. National Pension Service raised its position in The Goldman Sachs Group by 3.1% during the third quarter. National Pension Service now owns 665,794 shares of the investment management company's stock valued at $530,205,000 after purchasing an additional 19,796 shares in the last quarter. Finally, AlTi Global Inc. raised its position in The Goldman Sachs Group by 87.3% during the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company's stock valued at $23,707,000 after purchasing an additional 13,879 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Zacks Research raised shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 19th. Citigroup raised their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. HSBC lifted their price objective on The Goldman Sachs Group from $742.00 to $802.00 in a report on Friday, February 6th. Autonomous Res lowered their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an "outperform" rating on the stock in a report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $916.86.
View Our Latest Analysis on The Goldman Sachs Group
The Goldman Sachs Group Company Profile
(
Get Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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