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

Hodges Capital Management Inc. cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,345 shares of the investment management company’s stock after selling 2,035 shares during the period. Hodges Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $5,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GS. West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at $30,000. DT Investment Partners LLC lifted its position in 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 worth $31,000 after acquiring 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 3rd 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 valued at about $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of recent research reports. Morgan Stanley upped their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Bank of America upped their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Evercore ISI increased their price target on 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. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Stock Down 0.9 %

Shares of GS opened at $640.15 on Monday. The company’s 50-day moving average price is $596.07 and its 200 day moving average price is $541.71. The Goldman Sachs Group, Inc. has a 12-month low of $375.20 and a 12-month high of $650.00. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $198.73 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the company earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.87%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,865 shares of company stock worth $25,286,862 in the last ninety days. 0.57% of the stock is 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.