J. Safra Sarasin Holding AG Sells 855 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

J. Safra Sarasin Holding AG cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,859 shares of the investment management company’s stock after selling 855 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in The Goldman Sachs Group were worth $3,928,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GS. Morse Asset Management Inc bought a new position in shares of The Goldman Sachs Group in the third quarter valued at about $911,000. SkyView Investment Advisors LLC lifted 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. Chelsea Counsel Co. grew its position in shares of The Goldman Sachs Group by 400.0% in the third quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company’s stock valued at $186,000 after purchasing an additional 300 shares during the last quarter. Tudor Financial Inc. acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $228,000. Finally, Anchor Investment Management LLC boosted its stake in The Goldman Sachs Group by 29.1% in the 3rd quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company’s stock valued at $2,094,000 after purchasing an additional 953 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on GS. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Royal Bank of Canada dropped their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 15th. JMP Securities lowered their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Evercore ISI cut their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Finally, Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $593.40.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of the firm’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 completion of the transaction, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

GS opened at $502.22 on Tuesday. The stock has a market capitalization of $156.71 billion, a P/E ratio of 12.39, a PEG ratio of 0.89 and a beta of 1.33. 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 Goldman Sachs Group, Inc. has a 12-month low of $404.57 and a 12-month high of $672.19. The stock has a 50-day moving average price of $559.02 and a 200-day moving average price of $573.45.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the previous year, the firm posted $11.58 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.85%.

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.