The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,120 shares of the investment management company’s stock after selling 207 shares during the period. First Citizens Bank & Trust Co.’s holdings in The Goldman Sachs Group were worth $1,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in The Goldman Sachs Group by 0.4% during the 2nd quarter. State Street Corp now owns 19,822,469 shares of the investment management company’s stock worth $6,393,539,000 after purchasing an additional 76,641 shares during the period. Morgan Stanley lifted its stake in The Goldman Sachs Group by 40.0% in the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after acquiring an additional 1,696,350 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of The Goldman Sachs Group by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock valued at $1,396,236,000 after purchasing an additional 52,016 shares during the last quarter. Northern Trust Corp raised its holdings in shares of The Goldman Sachs Group by 3.2% in the 3rd quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after purchasing an additional 104,424 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of The Goldman Sachs Group by 6.1% during the 3rd quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after purchasing an additional 159,512 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 1.0 %

Shares of NYSE:GS traded down $4.34 during trading on Tuesday, reaching $409.17. 953,528 shares of the stock were exchanged, compared to its average volume of 2,311,621. The firm’s 50-day moving average price is $390.66 and its 200 day moving average price is $359.45. The firm has a market cap of $132.79 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.60 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $419.20. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the business posted $3.32 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $2.75 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $11.00 annualized dividend and a dividend yield of 2.69%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 48.20%.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, the chief accounting officer now owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at approximately $3,809,443.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock valued at $15,080,021 in the last quarter. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. UBS Group upped their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. HSBC boosted their price objective on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Barclays raised their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Edward Jones assumed coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $411.10.

Read Our Latest Stock Report on GS

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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