The Goldman Sachs Group, Inc. (NYSE:GS) Stake Cut by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 576,298 shares of the investment management company’s stock after selling 22,771 shares during the period. Rhumbline Advisers’ holdings in The Goldman Sachs Group were worth $330,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mizuho Securities USA LLC raised its stake in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares during the period. Fisher Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock valued at $2,991,772,000 after purchasing an additional 161,133 shares during the last quarter. FMR LLC raised its position in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of The Goldman Sachs Group by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after purchasing an additional 18,541 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after purchasing an additional 62,246 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 in the last three months. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $661.56 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $379.14 and a 52 week high of $663.87. 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 company’s 50-day moving average price is $603.93 and its two-hundred day moving average price is $550.81. The stock has a market cap of $205.38 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.48 earnings per share. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 1.81%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analyst Weigh In

GS has been the topic of several analyst reports. Oppenheimer dropped their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of 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. Citigroup lifted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Barclays increased their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.