Investors Purchase Large Volume of Call Options on Goldman Sachs Group, Inc. (The) (GS)

Goldman Sachs Group, Inc. (The) (NYSE:GS) saw some unusual options trading on Friday. Stock traders acquired 36,096 call options on the stock. This is an increase of 195% compared to the typical volume of 12,236 call options.

Several equities analysts have recently issued reports on the company. 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. Oppenheimer Holdings, Inc. boosted their target price on Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Berenberg Bank restated a “sell” rating and set a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. HSBC Holdings plc restated a “buy” rating and set a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, April 25th. Finally, Vetr cut Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 target price for the company. in a research note on Monday, April 24th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the transaction, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (The) 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 owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Bridges Investment Counsel Inc. purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $275,000. Sheets Smith Wealth Management boosted its position in shares of Goldman Sachs Group, Inc. (The) by 31.6% in the first quarter. Sheets Smith Wealth Management now owns 2,588 shares of the investment management company’s stock valued at $595,000 after buying an additional 621 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 11.5% in the first quarter. Quadrant Capital Group LLC now owns 875 shares of the investment management company’s stock valued at $192,000 after buying an additional 90 shares during the period. Stillwater Investment Management LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Stillwater Investment Management LLC now owns 10,607 shares of the investment management company’s stock valued at $2,437,000 after buying an additional 29 shares during the period. Finally, Pennsylvania Trust Co boosted its position in shares of Goldman Sachs Group, Inc. (The) by 17.7% in the first quarter. Pennsylvania Trust Co now owns 26,263 shares of the investment management company’s stock valued at $6,033,000 after buying an additional 3,945 shares during the period. Institutional investors own 74.66% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded up 0.33% on Friday, reaching $222.15. The company had a trading volume of 3,149,324 shares. The stock has a 50 day moving average price of $225.59 and a 200-day moving average price of $229.32. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The company has a market capitalization of $86.24 billion, a price-to-earnings ratio of 11.65 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same period last year, the firm earned $3.72 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Analysts forecast that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.

The company also recently declared 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 annualized dividend and a dividend yield of 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

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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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