Johnson Financial Group Inc. Reduces Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Johnson Financial Group Inc. trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 52.6% during the fourth quarter, Holdings Channel reports. The fund owned 90 shares of the investment management company’s stock after selling 100 shares during the period. Johnson Financial Group Inc.’s holdings in The Goldman Sachs Group were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC bought 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 valued at approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. JPMorgan Chase & Co. lowered their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. UBS Group upped their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $593.40.

The Goldman Sachs Group Price Performance

GS stock opened at $546.74 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 Goldman Sachs Group, Inc. has a one year low of $425.19 and a one year high of $672.19. The stock has a market cap of $170.60 billion, a PE ratio of 13.48, a P/E/G ratio of 0.89 and a beta of 1.33. The firm has a 50 day simple moving average of $546.52 and a two-hundred day simple moving average of $574.64.

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

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.19%. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group 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.