Calton & Associates Inc. Has $817,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Calton & Associates Inc. lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,427 shares of the investment management company’s stock after selling 217 shares during the period. Calton & Associates Inc.’s holdings in The Goldman Sachs Group were worth $817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth about $30,000. DT Investment Partners LLC increased its holdings in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Country Trust Bank acquired a new position in The Goldman Sachs Group during the 3rd quarter worth $37,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $38,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,865 shares of company stock valued at $25,286,862 over the last three months. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays increased their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Finally, HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Trading Up 1.3 %

Shares of The Goldman Sachs Group stock opened at $645.77 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $375.20 and a 12-month high of $649.52. 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 business’s 50 day moving average is $594.34 and its 200-day moving average is $539.40. The stock has a market cap of $200.48 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.89 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.48 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.1 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, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.86%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

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.