The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 44,116 shares of the investment management company’s stock after selling 1,319 shares during the period. Yousif Capital Management LLC’s holdings in The Goldman Sachs Group were worth $25,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GS. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $26,000. West Branch Capital LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at about $30,000. DT Investment Partners LLC grew its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares in the last quarter. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at about $34,000. Finally, Country Trust Bank acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at about $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,475 shares of company stock valued at $19,692,543. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America lifted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer decreased their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Trading Up 0.3 %

GS opened at $634.48 on Wednesday. The firm has a market cap of $196.97 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $650.00. The business’s 50 day moving average is $596.65 and its two-hundred day moving average is $542.74. 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 released 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 company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 earnings per share. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 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.