The Goldman Sachs Group, Inc. (NYSE:GS) Position Cut by Delphi Management Inc. MA

Delphi Management Inc. MA trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,755 shares of the investment management company’s stock after selling 429 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 14th biggest holding. Delphi Management Inc. MA’s holdings in The Goldman Sachs Group were worth $1,578,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in GS. Jackson Grant Investment Advisers Inc. boosted its position in shares of The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock valued at $93,000 after acquiring an additional 16 shares during the period. Ledyard National Bank boosted its position in shares of The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after acquiring an additional 16 shares during the period. Seelaus Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 16 shares during the period. Pointe Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock valued at $951,000 after acquiring an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC boosted its position in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after acquiring an additional 17 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GS shares. UBS Group increased their price objective 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. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Oppenheimer cut their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley cut their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $594.27.

Insider Activity

In other The Goldman Sachs Group news, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $551.60 on Tuesday. 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 fifty day moving average price of $612.14 and a two-hundred day moving average price of $567.52. The Goldman Sachs Group, Inc. has a 52-week low of $383.41 and a 52-week high of $672.19. The firm has a market capitalization of $172.12 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.89 and a beta of 1.37.

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 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 during the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the company posted $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 2.18%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.