The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Trimmed by Stonegate Investment Group LLC

Stonegate Investment Group LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 77.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,863 shares of the investment management company’s stock after selling 13,492 shares during the quarter. Stonegate Investment Group LLC’s holdings in The Goldman Sachs Group were worth $1,490,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $32,000. Cambridge Trust Co. grew its holdings in shares of The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares during the last quarter. Truvestments Capital LLC raised its position in shares of The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the period. Pacific Center for Financial Services purchased a new stake in shares of The Goldman Sachs Group during the first quarter valued at $33,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $34,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.8 %

Shares of GS stock opened at $410.15 on Wednesday. The company has a market cap of $133.11 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.59 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 quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The business’s 50 day moving average is $391.25 and its two-hundred day moving average is $359.92.

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

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 48.20%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $390.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, March 27th. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. Barclays increased their price objective on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $411.10.

Check Out Our Latest Research Report on The Goldman Sachs Group

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now owns 10,121 shares of the company’s stock, valued at approximately $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders sold a total of 38,907 shares of company stock worth $15,080,021 in the last ninety days. 0.57% of the stock is currently owned by insiders.

About The Goldman Sachs Group

(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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