Tieton Capital Management LLC Purchases Shares of 400 The Goldman Sachs Group, Inc. (NYSE:GS)

Tieton Capital Management LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 400 shares of the investment management company’s stock, valued at approximately $229,000.

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

The Goldman Sachs Group Price Performance

GS stock opened at $565.00 on Monday. The business’s fifty day moving average price is $610.89 and its 200 day moving average price is $569.20. 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 Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19. The company has a market capitalization of $176.30 billion, a PE ratio of 13.93, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 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 business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.48 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.12%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on 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 transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’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 directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GS. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Morgan Stanley cut their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $594.27.

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.