In yesterday’s Wall Street session, Goldman Sachs Group, Inc. (NYSE:GS) shares traded at $486.21, down -3.18% from the previous session.
GS stock price is now 5.50% away from the 50-day moving average and 24.03% away from the 200-day moving average. The market capitalization of the company currently stands at $156.78B.
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On April 16, 2024, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $465, while ‘Daiwa Securities’ rates the stock as ‘Outperform’
In other news, Montag Thomas K., Director sold 10,000 shares of the company’s stock on Jul 16 ’24. The stock was sold for $5,050,436 at an average price of $505.04. Upon completion of the transaction, the Director now directly owns 12,450 shares in the company, valued at $6.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 16 ’24, Director VINIAR DAVID A sold 5,000 shares of the business’s stock. A total of $2,512,125 was realized by selling the stock at an average price of $502.43. This leaves the insider owning 618,425 shares of the company worth $300.68 million. A total of 0.51% of the company’s stock is owned by insiders.
During the past 12 months, Goldman Sachs Group, Inc. has had a low of $289.36 and a high of $509.48. According to the stock market information, the enterprise value for the company is $69352054784, which is based on a 15.61 price-to-earnings ratio, a 0.68 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for GS is $462.5078 and a two-hundred day moving average price translates $397.1467 for the stock.
The latest earnings results from Goldman Sachs Group, Inc. (NYSE: GS) was released for 2024-06-30. The net profit margin was 8.73% and return on equity was 9.55% for GS. The company reported revenue of $12.73 billion for the quarter, compared to $10.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.85 percent.
