The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Trimmed by Investors Research Corp

Investors Research Corp reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,995 shares of the investment management company’s stock after selling 560 shares during the period. Investors Research Corp’s holdings in The Goldman Sachs Group were worth $1,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Swedbank AB increased its stake 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 acquiring an additional 13,730 shares during the period. Van ECK Associates Corp increased its holdings in shares of The Goldman Sachs Group by 1.2% in the third quarter. Van ECK Associates Corp now owns 6,157 shares of the investment management company’s stock valued at $3,184,000 after purchasing an additional 71 shares in the last quarter. Capital Performance Advisors LLP bought a new position in The Goldman Sachs Group in the third quarter valued at approximately $38,000. Leavell Investment Management Inc. boosted its stake in The Goldman Sachs Group by 57.2% in the third quarter. Leavell Investment Management Inc. now owns 2,149 shares of the investment management company’s stock valued at $1,064,000 after acquiring an additional 782 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in shares of The Goldman Sachs Group by 1.4% during the third quarter. Lindbrook Capital LLC now owns 1,682 shares of the investment management company’s stock worth $833,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GS. Oppenheimer cut 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 research report on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group Stock Performance

GS opened at $559.55 on Monday. The firm’s 50-day moving average price is $616.96 and its 200-day moving average price is $566.25. The company has a market cap of $174.60 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.48 EPS. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.