Choreo LLC Has $7.16 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Choreo LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,493 shares of the investment management company’s stock after selling 1,085 shares during the quarter. Choreo LLC’s holdings in The Goldman Sachs Group were worth $7,162,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lion Street Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $214,000. Mirae Asset Global Investments Co. Ltd. grew its position in The Goldman Sachs Group by 13.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,544 shares of the investment management company’s stock valued at $27,359,000 after purchasing an additional 5,487 shares in the last quarter. Y.D. More Investments Ltd increased its stake in The Goldman Sachs Group by 4.0% in the 4th quarter. Y.D. More Investments Ltd now owns 1,677 shares of the investment management company’s stock valued at $960,000 after buying an additional 64 shares during the last quarter. Weaver Capital Management LLC lifted its position in The Goldman Sachs Group by 15.4% during the 4th quarter. Weaver Capital Management LLC now owns 1,396 shares of the investment management company’s stock worth $799,000 after buying an additional 186 shares in the last quarter. Finally, Hager Investment Management Services LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $91,000. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Up 1.7 %

Shares of GS opened at $645.13 on Thursday. 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 stock has a market capitalization of $200.28 billion, a PE ratio of 15.91, a P/E/G ratio of 0.89 and a beta of 1.39. The firm’s 50 day moving average is $597.24 and its 200-day moving average is $543.79. The Goldman Sachs Group, Inc. has a 12 month low of $375.20 and a 12 month high of $650.00.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm 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 company’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company earned $5.48 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. 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%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.