The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,864 shares of the investment management company’s stock after selling 102 shares during the quarter. The Goldman Sachs Group comprises about 1.4% of Griffin Asset Management Inc.’s investment portfolio, making the stock its 17th biggest position. Griffin Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $11,947,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $1,040,000. Ascent Group LLC increased its holdings in The Goldman Sachs Group by 34.0% in the 2nd quarter. Ascent Group LLC now owns 1,477 shares of the investment management company’s stock valued at $668,000 after purchasing an additional 375 shares in the last quarter. Creative Planning raised its position in The Goldman Sachs Group by 6.7% in the second quarter. Creative Planning now owns 74,446 shares of the investment management company’s stock valued at $33,674,000 after purchasing an additional 4,661 shares during the period. Magnolia Capital Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 159.8% during the second quarter. Magnolia Capital Advisors LLC now owns 3,991 shares of the investment management company’s stock worth $1,805,000 after purchasing an additional 2,455 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of The Goldman Sachs Group by 25.8% in the second quarter. NewEdge Advisors LLC now owns 18,696 shares of the investment management company’s stock worth $8,457,000 after buying an additional 3,833 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 0.7 %

GS opened at $632.13 on Tuesday. The firm’s fifty day moving average is $591.21 and its two-hundred day moving average is $536.52. 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 firm has a market cap of $198.43 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a twelve month low of $374.24 and a twelve month high of $645.54.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the firm posted $5.48 EPS. The business’s revenue was up 22.5% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares in the company, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,017 shares of company stock valued at $19,655,538. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Evercore ISI upped their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Oppenheimer dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $591.06.

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.