Solidarity Wealth LLC Has $8.32 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Solidarity Wealth LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,535 shares of the investment management company’s stock after selling 823 shares during the quarter. The Goldman Sachs Group accounts for 2.2% of Solidarity Wealth LLC’s portfolio, making the stock its 15th biggest holding. Solidarity Wealth LLC’s holdings in The Goldman Sachs Group were worth $8,323,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in The Goldman Sachs Group by 4.3% during the 2nd quarter. Pacer Advisors Inc. now owns 22,996 shares of the investment management company’s stock valued at $10,402,000 after purchasing an additional 954 shares during the last quarter. Sei Investments Co. boosted its stake in The Goldman Sachs Group by 11.8% during the 2nd quarter. Sei Investments Co. now owns 137,590 shares of the investment management company’s stock valued at $62,228,000 after purchasing an additional 14,566 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in The Goldman Sachs Group by 4.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock valued at $6,586,000 after purchasing an additional 634 shares during the last quarter. ProShare Advisors LLC boosted its stake in The Goldman Sachs Group by 8.4% during the 2nd quarter. ProShare Advisors LLC now owns 172,699 shares of the investment management company’s stock valued at $78,115,000 after purchasing an additional 13,402 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in The Goldman Sachs Group by 10,420.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,104 shares of the investment management company’s stock valued at $952,000 after purchasing an additional 2,084 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $626.84 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $372.07 and a 1 year high of $627.00. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $196.77 billion, a PE ratio of 15.46, a P/E/G ratio of 0.90 and a beta of 1.38. The company’s 50 day simple moving average is $587.22 and its two-hundred day simple moving average is $530.73.

The Goldman Sachs Group (NYSE:GS) last posted its 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 analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.48 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 45.32 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. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.91%. 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 related 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 of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the transaction, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock valued at $12,656,179 in the last quarter. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI boosted their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Oppenheimer cut their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley boosted 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. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $589.19.

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.