The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Cut by Barr E S & Co.

Barr E S & Co. decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,837 shares of the investment management company’s stock after selling 3,245 shares during the quarter. The Goldman Sachs Group makes up 5.7% of Barr E S & Co.’s holdings, making the stock its 6th biggest position. Barr E S & Co. owned about 0.05% of The Goldman Sachs Group worth $95,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of GS. Morse Asset Management Inc purchased a new position in The Goldman Sachs Group in the 3rd quarter valued at $911,000. Sunbelt Securities Inc. raised its position in shares of The Goldman Sachs Group by 5.5% in the third quarter. Sunbelt Securities Inc. now owns 905 shares of the investment management company’s stock valued at $448,000 after buying an additional 47 shares during the last quarter. M&T Bank Corp lifted its stake in shares of The Goldman Sachs Group by 0.6% in the third quarter. M&T Bank Corp now owns 27,271 shares of the investment management company’s stock worth $13,502,000 after buying an additional 157 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in The Goldman Sachs Group by 8.8% during the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company’s stock worth $1,759,000 after acquiring an additional 286 shares during the last quarter. Finally, Chelsea Counsel Co. grew its stake in The Goldman Sachs Group by 400.0% during the 3rd quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company’s stock valued at $186,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the transaction, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 of the company’s stock, valued at approximately $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 over the last 90 days. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on GS. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Wells Fargo & Company lowered their price objective on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. JMP Securities cut their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Barclays boosted 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 research report on Thursday, January 16th. Finally, Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $586.00.

The Goldman Sachs Group Stock Up 1.0 %

Shares of NYSE:GS opened at $494.61 on Friday. The firm has a market capitalization of $154.34 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. 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 firm’s 50-day moving average is $576.46 and its two-hundred day moving average is $572.40.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results 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 business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.43%. The Goldman Sachs Group’s payout ratio is 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.