The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,047 shares of the investment management company’s stock after selling 59 shares during the quarter. The Goldman Sachs Group comprises approximately 1.7% of Lee Danner & Bass Inc.’s holdings, making the stock its 10th largest position. Lee Danner & Bass Inc.’s holdings in The Goldman Sachs Group were worth $21,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Stephens Consulting LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the fourth quarter worth $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $30,000. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the third quarter worth $34,000. Finally, Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $34,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.9 %

GS opened at $562.49 on Friday. The firm’s 50-day simple moving average is $610.80 and its 200-day simple moving average is $567.71. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The firm has a market cap of $175.52 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.13%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Kevin R. Johnson bought 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the transaction, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock worth $12,630,683 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of research reports. 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. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Barclays boosted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Morgan Stanley lowered their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $594.27.

The Goldman Sachs Group 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.