John F.W. Rogers Sells 17,685 Shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) Stock

Goldman Sachs Group, Inc. (The) (NYSE:GS) EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the transaction, the executive vice president now directly owns 80,109 shares in the company, valued at $18,827,217.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 224.15 on Friday. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The firm’s 50-day moving average price is $225.05 and its 200-day moving average price is $229.72. The company has a market capitalization of $87.02 billion, a price-to-earnings ratio of 11.75 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter in the previous year, the firm posted $3.72 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Goldman Sachs Group, Inc. will post $18.20 earnings per share for the current year.

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 18th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the investment management company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

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Several large investors have recently modified their holdings of GS. BlackRock Inc. boosted its position in Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares during the period. New England Asset Management Inc. boosted its position in Goldman Sachs Group, Inc. (The) by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after buying an additional 1,900,000 shares during the period. Alliancebernstein L.P. boosted its position in Goldman Sachs Group, Inc. (The) by 84.4% in the first quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock worth $739,978,000 after buying an additional 1,474,433 shares during the period. Harbour Capital Advisors LLC boosted its position in Goldman Sachs Group, Inc. (The) by 22,290.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after buying an additional 1,108,079 shares during the period. Finally, FMR LLC boosted its position in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after buying an additional 1,084,624 shares during the period. 73.72% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada dropped their price objective on Goldman Sachs Group, Inc. (The) from $250.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 19th. UBS AG reissued a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Atlantic Securities raised Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $214.00 to $254.00 in a research note on Thursday, April 20th. Keefe, Bruyette & Woods set a $260.00 price objective on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Saturday, May 6th. Finally, HSBC Holdings plc downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and boosted their price objective for the company from $223.80 to $250.00 in a research note on Friday. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $235.44.

About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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