Boston Partners Sells 154,533 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Boston Partners decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 993,096 shares of the investment management company’s stock after selling 154,533 shares during the quarter. Boston Partners owned approximately 0.32% of The Goldman Sachs Group worth $570,082,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Swedbank AB lifted its holdings in The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after buying an additional 13,730 shares during the period. Atlanta Consulting Group Advisors LLC lifted its holdings in The Goldman Sachs Group by 5.6% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 1,199 shares of the investment management company’s stock valued at $594,000 after buying an additional 64 shares during the period. Claro Advisors LLC lifted its holdings in The Goldman Sachs Group by 21.3% in the third quarter. Claro Advisors LLC now owns 849 shares of the investment management company’s stock valued at $420,000 after buying an additional 149 shares during the period. Thrivent Financial for Lutherans lifted its holdings in The Goldman Sachs Group by 5.6% in the third quarter. Thrivent Financial for Lutherans now owns 15,380 shares of the investment management company’s stock valued at $7,615,000 after buying an additional 818 shares during the period. Finally, TrinityPoint Wealth LLC lifted its holdings in The Goldman Sachs Group by 0.7% in the third quarter. TrinityPoint Wealth LLC now owns 5,178 shares of the investment management company’s stock valued at $2,564,000 after buying an additional 34 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GS. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Oppenheimer dropped their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Barclays upped their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley dropped their price objective on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $594.27.

The Goldman Sachs Group Trading Up 1.9 %

Shares of GS stock opened at $551.60 on Tuesday. The Goldman Sachs Group, Inc. has a 52-week low of $383.41 and a 52-week high of $672.19. 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 company has a 50-day simple moving average of $612.14 and a two-hundred day simple moving average of $567.52. The company has a market capitalization of $172.12 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm posted $5.48 EPS. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. Research 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. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity

In other news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last three months. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group 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.