RWA Wealth Partners LLC Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

RWA Wealth Partners LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,097 shares of the investment management company’s stock after selling 609 shares during the period. RWA Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $6,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GS. Quantbot Technologies LP acquired a new position in The Goldman Sachs Group in the third quarter valued at approximately $206,000. Hantz Financial Services Inc. grew its position in shares of The Goldman Sachs Group by 1,240.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,771 shares of the investment management company’s stock valued at $2,362,000 after buying an additional 4,415 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 35.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 482 shares of the investment management company’s stock worth $239,000 after acquiring an additional 127 shares in the last quarter. Captrust Financial Advisors raised its stake in The Goldman Sachs Group by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 44,067 shares of the investment management company’s stock worth $21,818,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Acropolis Investment Management LLC lifted its position in The Goldman Sachs Group by 41.3% in the third quarter. Acropolis Investment Management LLC now owns 342 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 100 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction 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 represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last ninety days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $543.04 on Monday. 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 stock has a market cap of $169.45 billion, a PE ratio of 13.39, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The stock has a fifty day moving average price of $608.15 and a 200 day moving average price of $572.36.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the firm earned $5.48 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Analyst Upgrades and Downgrades

GS has been the subject of several research reports. UBS Group boosted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Morgan Stanley reduced their price objective 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. Citigroup lowered their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company reduced their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Barclays raised their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $590.60.

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.