Brevan Howard Capital Management LP Has $1.09 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Brevan Howard Capital Management LP cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 91.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,894 shares of the investment management company’s stock after selling 19,526 shares during the quarter. Brevan Howard Capital Management LP’s holdings in The Goldman Sachs Group were worth $1,085,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Finally, Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $34,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $551.99 on Thursday. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The company’s 50 day moving average price is $536.95 and its two-hundred day moving average price is $575.31. The firm has a market cap of $172.24 billion, a PE ratio of 13.61, a PEG ratio of 0.89 and a beta of 1.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

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

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s payout ratio is currently 27.85%.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Barclays decreased their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an “equal weight” rating in a research note on Monday, April 7th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Finally, JMP Securities lowered their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $593.40.

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.