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Multiple hedge funds adjusted their positions in Goldman Sachs (GS) recently. Notable transactions include 3Chopt Investment Partners investing $252,000, and Granite Bay Wealth Management acquiring $5,529,000 worth of shares. Truist Financial raised its holdings by 3.1%, now owning shares valued at $255.1 million. Institutional investors hold 71.21% of the stock.
Insider Trading Activity
On July 16, insider Brian J. Lee sold 3,500 shares at $505.99, totaling $1.77 million. He retains 12,095 shares worth $6.12 million. Another insider, Director Thomas K. Montag, sold 10,000 shares for $5.05 million, keeping 12,450 shares valued at $6.29 million. Insiders own 0.54% of GS.
Stock Performance
GS shares opened at $490.41, with a market cap of $158.14 billion and a PE ratio of 19.15. The stock has fluctuated between $289.36 and $517.26 over the past year. Latest earnings showed $8.62 EPS, surpassing expectations.
Dividend Announcement
The company announced a quarterly dividend of $3.00 per share, up from $2.75, reflecting a 2.45% yield. The ex-dividend date was August 30.
Analyst Ratings
Citi raised GS’s price target from $460 to $485. Evercore ISI also increased their target to $520. Currently, MarketBeat shows a consensus rating of “Moderate Buy” with a target price of $496.44.
About The Goldman Sachs Group
Goldman Sachs offers a variety of financial services globally, including investment banking, asset management, and securities services.
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