Notable Insider Trading: Goldman Sachs Group Inc (NYSE:GS)

Goldman Sachs Group Inc (NYSE:GS) insider has recently participated in insider trading activity. 10% Owner, GOLDMAN SACHS GROUP INC bought 10,093 shares for $182,890 via one transaction Feb 10. Following the transaction, the insider now owns 512,827 shares in total, priced at $75016333.56 as of Friday. Another notable insider trading was done by the same insider on Feb 10. GOLDMAN SACHS GROUP INC 10% Owner 3,675,850 shares at an average price of $96.66 for a total of $355,307,661. Moreover, this insider carried out a purchase of 10,850 shares at $18.04 each on Feb 09. The transaction amounted to $195,718. The insider also bought 10,850 shares for $195,838 through one transaction Feb 08.

The stock has experienced a total of 20 insider trades in the past three months. These trades include 20 sell activities and Zero buy trades. Furthermore, over the past 12 months, the stock was traded 52 times by insiders. In 52 of these trades, the insider was a seller while an employee of the company was the buyer in Zero instances.

On December 16, 2015 HazelTree and Goldman Sachs Asset Management (GSAM), a asset management arm of Goldman Sachs Group Inc (GS) announced a strategic partnership to assist hedge funds, fund administrators, managed account providers and family offices in improving their cash management. The partnership is in response to the changing regulatory environment for systemically important financial institutions (SIFIs), particularly Basel III guidelines on capital requirements and balance sheet composition.

Instead of manual cash transfers with each counterparty, typically the most common practice today, the partnership between HazelTree, a leading Treasury Management solution provider, and GSAM will provide hedge funds, fund administrators, managed account providers and family offices with automated, rules-based “sweep” access to solutions managed by GSAM. Clients will have a comprehensive view of all cash balances across their counterparties and can set target rules to optimize those cash balances and investments through the enhanced functionality.

The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, such as strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, including public offerings and private placements of a range of securities and other financial instruments, as well as derivative transactions entered into with public and private sector clients. The Institutional Client Services segment is involved in client execution activities related to making markets in interest rate products, credit products, mortgages, currencies, commodities, and equities; and provides securities services, such as financing, securities lending, and other prime brokerage services, as well as markets in and clears client transactions on primary stock, options, and futures exchanges.