The Goldman Sachs Group (NYSE:GS) Insider Kathryn Ruemmler Sells 14,292 Shares

by · The Cerbat Gem

The Goldman Sachs Group, Inc. (NYSE:GS – Get Free Report) insider Kathryn Ruemmler sold 14,292 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the transaction, the insider directly owned 15,657 shares in the company, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

The Goldman Sachs Group Trading Up 1.2%

Shares of GS stock opened at $936.72 on Friday. The company’s 50-day moving average price is $870.56 and its 200-day moving average price is $871.13. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 2.89. The stock has a market cap of $276.34 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.19 and a beta of 1.28. The Goldman Sachs Group, Inc. has a twelve month low of $565.78 and a twelve month high of $984.70.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter in the prior year, the company posted $14.12 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. UBS Group upped their target price on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday. Dbs Bank upped their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $942.24.

Read Our Latest Stock Analysis on GS

Institutional Trading of The Goldman Sachs Group

Hedge funds have recently made changes to their positions in the business. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Manning & Napier Advisors LLC lifted its position in shares of The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Steph & Co. acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth about $27,000. Finally, Corundum Trust Company INC acquired a new stake in shares of The Goldman Sachs Group during the third quarter worth about $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

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.

See Also