Bartlett & CO. Wealth Management LLC Sells 70 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Bartlett & CO. Wealth Management LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,592 shares of the investment management company’s stock after selling 70 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $1,484,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $30,000. DT Investment Partners LLC boosted its stake in shares of The Goldman Sachs Group by 110.0% during 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 during the period. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter worth about $34,000. Country Trust Bank bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at about $37,000. Finally, Hershey Financial Advisers LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth about $38,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $638.68 on Friday. 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 Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $645.54. The business’s 50 day moving average is $589.34 and its two-hundred day moving average is $533.75. The company has a market capitalization of $200.49 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.89 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its 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 business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.48 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid 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 1.88%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This trade represents a 10.02 % 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, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,017 shares of company stock worth $19,655,538 over the last three months. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GS. Morgan Stanley raised their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America lifted 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 report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group lifted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average 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.