The Goldman Sachs Group (NYSE:GS) Stock Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of The Goldman Sachs Group, Inc. NYSE: GS. In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in The Goldman Sachs Group stock on December 30th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/19/2024.

The Goldman Sachs Group Price Performance

Shares of GS traded up $6.25 during trading hours on Thursday, hitting $612.17. 3,223,747 shares of the stock were exchanged, compared to its average volume of 2,468,854. The stock's 50-day moving average price is $585.87 and its two-hundred day moving average price is $528.13. The Goldman Sachs Group, Inc. has a 12-month low of $372.07 and a 12-month high of $616.84. 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 cap of $192.17 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.48 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is presently 35.21%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $26,000. Headlands Technologies LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at about $27,000. Quest Partners LLC increased its stake in The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company's stock worth $29,000 after purchasing an additional 63 shares during the period. West Branch Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the third quarter worth about $30,000. Finally, DT Investment Partners LLC boosted its stake in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after purchasing an additional 33 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. HSBC downgraded shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and increased their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Wolfe Research raised The Goldman Sachs Group to a "hold" rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Evercore ISI lifted 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. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $589.19.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares of the company's stock, valued at $5,046,795.39. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,940 shares of company stock worth $12,656,179. Corporate insiders own 0.57% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.