The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Trimmed by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,366 shares of the investment management company’s stock after selling 53 shares during the period. The Goldman Sachs Group makes up about 0.7% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 18th largest position. Institute for Wealth Management LLC.’s holdings in The Goldman Sachs Group were worth $5,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $30,000. DT Investment Partners LLC boosted its position in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth about $34,000. Country Trust Bank purchased a new stake in The Goldman Sachs Group during the third quarter valued at about $37,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group in the third quarter worth about $38,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

NYSE GS opened at $645.77 on Friday. The firm has a market cap of $200.48 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The stock’s 50-day moving average is $594.34 and its two-hundred day moving average is $539.40. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $649.52. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share 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 business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the business earned $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.86%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insider Activity

In other news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction dated 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 sale, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,865 shares of company stock valued at $25,286,862. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on GS shares. Evercore ISI upped their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Bank of America increased their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, UBS Group lifted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.