In a recent congressional trade report, it was revealed that Marjorie Taylor Greene, representing Georgia's 14th congressional district, has made a significant investment in the US Treasury Bill (GS). Goldman Sachs (NYSE:GS), with a market capitalization of $181.8 billion, has demonstrated remarkable performance this year with a 52.6% year-to-date return.
The transaction was a purchase, taking place on December 16, 2024, with a notification date of December 17, 2024. The dollar value of the trade lies within the range of $100,001 to $250,000. This indicates a substantial investment on the part of Greene.
The US Treasury Bill is a short-term government security, commonly referred to as "T-bills", that matures in one year or less. They are considered a safe and conservative investment, backed by the full faith and credit of the US government. Goldman Sachs has maintained dividend payments for 26 consecutive years, with a current dividend yield of 2.09%. According to InvestingPro, the company has raised its dividend for 13 consecutive years, demonstrating strong financial stability.
The trade was made from Greene's personal account. As per the report, this investment has the potential for capital gains exceeding $200.
This information, disclosed as required by the STOCK Act, provides valuable insights into the financial activities of our representatives. The STOCK Act, formally known as the Stop Trading on Congressional Knowledge Act, was signed into law in 2012. It aims to combat insider trading by requiring federal employees to report any significant changes in their financial investments.
Marjorie Taylor Greene, a member of the US House of Representatives, has been serving Georgia's 14th congressional district since January 2021. Before her political career, Greene was a businesswoman and commentator.
The recent investment in the US Treasury Bill marks a notable addition to Greene's financial portfolio and showcases her investment strategy. As always, it is essential for investors to conduct their own research and consider their risk tolerance when making investment decisions.
Analysts maintain a moderate buy consensus on Goldman Sachs, with price targets ranging from $450 to $736. For deeper insights into Goldman Sachs's financial health and future prospects, InvestingPro offers comprehensive analysis with 13 additional ProTips and detailed valuation metrics in their Pro Research Report, available exclusively to subscribers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.