Shayne & Jacobs LLC Reduces Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Shayne & Jacobs LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,308 shares of the investment management company’s stock after selling 370 shares during the quarter. The Goldman Sachs Group makes up 1.2% of Shayne & Jacobs LLC’s holdings, making the stock its 10th largest holding. Shayne & Jacobs LLC’s holdings in The Goldman Sachs Group were worth $4,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Advisor OS LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $257,000. DMKC Advisory Services LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $2,458,000. NCP Inc. raised its holdings in The Goldman Sachs Group by 7.7% during the 4th quarter. NCP Inc. now owns 1,400 shares of the investment management company’s stock valued at $802,000 after buying an additional 100 shares during the period. Pinnacle West Asset Management Inc. lifted its position in The Goldman Sachs Group by 7.2% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 4,045 shares of the investment management company’s stock worth $2,316,000 after buying an additional 270 shares during the last quarter. Finally, Delta Financial Advisors LLC boosted its stake in The Goldman Sachs Group by 0.3% during the fourth quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company’s stock worth $3,929,000 after buying an additional 18 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 1.8 %

NYSE GS opened at $614.86 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $191.86 billion, a PE ratio of 15.16, a P/E/G ratio of 0.89 and a beta of 1.39. The business’s fifty day simple moving average is $613.18 and its 200-day simple moving average is $560.79. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.48 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Ratings Changes

A number of research analysts have recently commented on GS shares. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $593.56.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.57% of the stock is owned by corporate insiders.

About The Goldman Sachs Group

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.