The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Lowered by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,930 shares of the investment management company’s stock after selling 120 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in The Goldman Sachs Group were worth $1,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GS. Mizuho Securities USA LLC lifted its position in The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares during the period. FMR LLC lifted its holdings in shares of The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after buying an additional 521,054 shares during the period. 1832 Asset Management L.P. boosted its stake in The Goldman Sachs Group by 7,932.6% during the second quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock valued at $200,959,000 after buying an additional 438,754 shares in the last quarter. Janus Henderson Group PLC grew its holdings in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after acquiring an additional 251,972 shares during the period. Finally, Congress Asset Management Co. raised its position in The Goldman Sachs Group by 829.0% in the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock worth $128,886,000 after acquiring an additional 232,297 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Up 2.3 %

GS stock opened at $626.84 on Friday. The company has a 50 day moving average of $587.22 and a two-hundred day moving average of $529.85. The company has a market cap of $196.77 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $372.07 and a 12-month high of $627.00. 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 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, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. 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 1.91%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GS shares. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI upped their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Oppenheimer cut their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, UBS Group reiterated a “neutral” rating and issued a $610.00 price target on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $589.19.

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,940 shares of company stock valued at $12,656,179. 0.57% of the stock is currently 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.