Goldman Sachs Group Inc. (NYSE:GS) director David A. Viniar has sold a total of $2,161,234 worth of company stock, according to a recent SEC filing. The transactions, which took place on April 29, involved shares sold at prices ranging from $432.11 to $432.87.
The filing detailed two separate sales transactions. In the first, Viniar disposed of 4,100 shares at an average price of $432.11, while the second transaction involved 900 shares sold at an average price of $432.87. After these sales, Viniar continues to hold a sizable amount of Goldman Sachs stock, with direct ownership of 623,425 shares.
The disclosure also noted holdings through trusts and a limited liability company associated with Viniar. Specifically, 72,693 shares are held through trusts for which the sole trustee is Viniar's spouse and the sole beneficiaries are immediate family members. Additionally, 123,186 shares are held through a limited liability company. Viniar has disclaimed beneficial ownership of the shares held in trust.
These transactions are part of the routine disclosures that corporate insiders make as they buy and sell stock in their own companies. For investors, such transactions can provide insights into the perspectives of those with insider knowledge of the company's operations and future prospects.
Goldman Sachs, a leading global investment banking, securities, and investment management firm, has its headquarters in New York and operates offices in all major financial centers around the world.
InvestingPro Insights
Goldman Sachs Group Inc. (NYSE:GS) has shown a robust financial performance with a reported Revenue Growth of 4.6% over the last twelve months as of Q1 2024. The company's strength is further highlighted by a significant Gross Profit Margin of 83.49%, reflecting its efficiency in maintaining profitability.
An InvestingPro Tip that stands out is the company's consistent shareholder rewards, with Goldman Sachs raising its dividend for 12 consecutive years and maintaining dividend payments for 26 consecutive years. Its latest Dividend Yield stands at 2.58%, with a notable Dividend Growth of 10.0% in the last twelve months leading up to Q1 2024. This could be seen as a sign of the company's commitment to returning value to its shareholders.
Investors may also find encouragement in the company's stock performance, with a 6 Month Price Total Return of an impressive 41.05%, indicating a large price uptick over the period. This is complemented by the fact that the stock is trading near its 52-week high, at 98.46% of the peak value.
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