Vigorous Gainers/Losers Roundup: The Goldman Sachs Group (NYSE:GS), Rayonier (NYSE:RYN)

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -1.72% to close at $243.94. Goldman Sachs Group Inc. (GS) reduced CEO Lloyd Blankfein’s compensation 27 percent, awarding him $22 million for 2016 after eliminating a long-term incentive award.Blankfein, 62, received $16 million in performance shares and a $4 million cash bonus, in addition to his $2 million salary, the New York-based firm said Friday in its annual proxy filing.

Unlike past years, all of the CEO’s equity-based awards were linked to performance.Goldman Sachs redesigned its compensation structure for 2016 after investors complained that the long-term incentive was overly complex. The bank also changed the performance-based awards to reflect the company’s relative performance. The changes came after an advisory vote on pay at last year’s annual meeting received the least support since such votes were instituted in 2009. Moving forward to saw long-term intention, the experts calculate Return on Investment of 1.30%. The stock is going forward its fifty-two week low with 78.22% and lagging behind from its 52-week high price with -4.39%. GS last month stock price volatility remained 1.33%.

Rayonier Inc. (NYSE:RYN) [Trend Analysis] retains strong position in active trade, as shares scoring -3.67% to $27.81 in active trade session, while looking at the shares volume, around 3.86 Million shares have changed hands in this session. Rayonier Inc. (RYN) revealed that it has priced an underwritten public offering of 5,000,000 common shares at a price to the public of $27.75 per share. The company has also granted the underwriters a 30-day option to purchase up to an additional 750,000 common shares. The offering is expected to close on March 22, 2017, subject to the satisfaction of customary closing conditions.

The gross proceeds from the offering are approximately $138.8 million before deducting underwriting discounts and commissions and estimated offering expenses. The company intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of the option to purchase additional shares, to finance a portion of the company’s acquisition of approximately 95,100 acres of high-quality industrial timberlands in Florida, Georgia and South Carolina, through three transactions with separate sellers, and the remainder, if any, for general corporate purposes.

The firm has institutional ownership of 86.20%, while insider ownership included 0.78%. RYN attains analyst recommendation of 2.90 with week’s performance of -2.22%. Investors looking further ahead will note that the Price to next year’s EPS is 17.62%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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