Mystic Asset Management Inc. Trims Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Mystic Asset Management Inc. lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,773 shares of the investment management company’s stock after selling 100 shares during the period. Mystic Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $2,733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $37,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Oppenheimer lowered their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $594.27.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $551.60 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company’s 50-day moving average price is $612.14 and its 200 day moving average price is $567.52. The Goldman Sachs Group, Inc. has a 52 week low of $383.41 and a 52 week high of $672.19. The stock has a market cap of $172.12 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.89 and a beta of 1.37.

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

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 over the last three months. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Company Profile

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.