Robeco Institutional Asset Management B.V. Sells 2,510 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Robeco Institutional Asset Management B.V. lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,756 shares of the investment management company’s stock after selling 2,510 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in The Goldman Sachs Group were worth $109,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GS. Susquehanna Fundamental Investments LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at approximately $1,040,000. Ascent Group LLC grew its stake in The Goldman Sachs Group by 34.0% during the second quarter. Ascent Group LLC now owns 1,477 shares of the investment management company’s stock valued at $668,000 after acquiring an additional 375 shares in the last quarter. NewEdge Advisors LLC grew its stake in The Goldman Sachs Group by 25.8% during the second quarter. NewEdge Advisors LLC now owns 18,696 shares of the investment management company’s stock valued at $8,457,000 after acquiring an additional 3,833 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in The Goldman Sachs Group during the second quarter valued at approximately $397,000. Finally, EP Wealth Advisors LLC grew its stake in The Goldman Sachs Group by 11.1% during the second quarter. EP Wealth Advisors LLC now owns 3,349 shares of the investment management company’s stock valued at $1,515,000 after acquiring an additional 335 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $637.71 on Wednesday. The company has a fifty day moving average of $593.22 and a 200-day moving average of $538.70. The Goldman Sachs Group, Inc. has a 52-week low of $374.24 and a 52-week high of $645.54. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $200.18 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last posted 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the business posted $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,657 shares of company stock worth $21,973,272 in the last three months. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GS shares. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI boosted 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 note on Wednesday, October 16th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. UBS Group boosted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Finally, Citigroup boosted their price target 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. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

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.