Kevin R. Johnson Purchases 2,400 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

The Goldman Sachs Group, Inc. (NYSE:GS) Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares in the company, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

The Goldman Sachs Group Price Performance

GS stock opened at $638.68 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $374.24 and a 52-week high of $645.54. The business has a 50-day simple moving average of $589.34 and a two-hundred day simple moving average of $533.75. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $200.49 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38.

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

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on 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. Wells Fargo & Company increased their price target 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. Evercore ISI increased their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America increased their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Citigroup increased their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

Hedge Funds Weigh In On The Goldman Sachs Group

Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in shares of The Goldman Sachs Group by 4.3% in the 2nd quarter. Pacer Advisors Inc. now owns 22,996 shares of the investment management company’s stock worth $10,402,000 after purchasing an additional 954 shares during the period. Sei Investments Co. raised its holdings in shares of The Goldman Sachs Group by 11.8% in the 2nd quarter. Sei Investments Co. now owns 137,590 shares of the investment management company’s stock worth $62,228,000 after purchasing an additional 14,566 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of The Goldman Sachs Group by 4.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock worth $6,586,000 after purchasing an additional 634 shares during the period. ProShare Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 8.4% in the 2nd quarter. ProShare Advisors LLC now owns 172,699 shares of the investment management company’s stock worth $78,115,000 after purchasing an additional 13,402 shares during the period. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 10,420.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,104 shares of the investment management company’s stock worth $952,000 after purchasing an additional 2,084 shares during the period. Institutional investors own 71.21% of the company’s stock.

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.