The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Union Savings Bank

Union Savings Bank lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 54.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 109 shares of the investment management company’s stock after selling 130 shares during the period. Union Savings Bank’s holdings in The Goldman Sachs Group were worth $62,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Zhang Financial LLC lifted its holdings in The Goldman Sachs Group by 11.2% in the fourth quarter. Zhang Financial LLC now owns 4,641 shares of the investment management company’s stock valued at $2,658,000 after acquiring an additional 467 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of The Goldman Sachs Group by 52.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 19,011 shares of the investment management company’s stock valued at $10,886,000 after purchasing an additional 6,546 shares in the last quarter. Corundum Group Inc. lifted its stake in shares of The Goldman Sachs Group by 117.6% in the 4th quarter. Corundum Group Inc. now owns 2,563 shares of the investment management company’s stock valued at $1,468,000 after purchasing an additional 1,385 shares during the period. DLK Investment Management LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter worth $225,000. Finally, Uncommon Cents Investing LLC grew its position in The Goldman Sachs Group by 1.6% during the fourth quarter. Uncommon Cents Investing LLC now owns 1,630 shares of the investment management company’s stock valued at $933,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,940 shares of company stock worth $12,656,179. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JMP Securities boosted their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, HSBC lowered 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 report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $589.19.

The Goldman Sachs Group Trading Up 2.3 %

GS opened at $626.84 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company’s 50 day simple moving average is $587.22 and its two-hundred day simple moving average is $530.29. The firm has a market capitalization of $196.77 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $627.00.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. Analysts expect that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed 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 1.91%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

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.