Gries Financial LLC Reduces Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Gries Financial LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,276 shares of the investment management company’s stock after selling 17 shares during the quarter. Gries Financial LLC’s holdings in The Goldman Sachs Group were worth $2,449,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GS. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $30,000. DT Investment Partners LLC increased its stake in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $34,000. Country Trust Bank acquired a new stake in shares of The Goldman Sachs Group in the third quarter worth approximately $37,000. Finally, Capital Performance Advisors LLP acquired a new position in The Goldman Sachs Group during the third quarter worth approximately $38,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GS shares. JPMorgan Chase & Co. lifted their target price 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. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Oppenheimer cut their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Bank of America increased their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, UBS Group raised their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Trading Up 0.1 %

Shares of GS opened at $638.13 on Thursday. 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 company has a market cap of $200.31 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.88 and a beta of 1.38. The stock has a fifty day moving average price of $593.22 and a two-hundred day moving average price of $538.70. The Goldman Sachs Group, Inc. has a 52-week low of $375.20 and a 52-week high of $649.00.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the company earned $5.48 EPS. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the business’s 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. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,657 shares of company stock worth $21,973,272. 0.54% of the stock is currently owned by company insiders.

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.