abrdn plc Sells 36,631 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

abrdn plc trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,589 shares of the investment management company's stock after selling 36,631 shares during the period. abrdn plc owned about 0.10% of The Goldman Sachs Group worth $180,613,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Procyon Advisors LLC boosted its stake in The Goldman Sachs Group by 5.5% during the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company's stock valued at $411,000 after purchasing an additional 43 shares during the period. Brookstone Capital Management grew its stake in The Goldman Sachs Group by 19.9% in the third quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company's stock valued at $2,268,000 after acquiring an additional 761 shares during the period. Franklin Street Advisors Inc. NC boosted its position in shares of The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock worth $21,934,000 after buying an additional 2,863 shares during the period. Park Edge Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $703,000. Finally, Nordea Investment Management AB raised its stake in The Goldman Sachs Group by 30.3% in the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company's stock valued at $122,453,000 after buying an additional 49,710 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GS has been the topic of a number of recent research reports. UBS Group increased their target price on 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. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. HSBC downgraded The Goldman Sachs Group from a "buy" rating to a "hold" rating and increased their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Oppenheimer reduced their price target on 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. Finally, JMP Securities raised their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $591.06.

Insider Activity at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,865 shares of company stock worth $25,286,862. Corporate insiders own 0.57% of the company's stock.

The Goldman Sachs Group Stock Up 0.3 %

GS traded up $2.11 on Tuesday, hitting $634.48. 1,743,131 shares of the company were exchanged, compared to its average volume of 2,593,334. The Goldman Sachs Group, Inc. has a twelve month low of $375.20 and a twelve month high of $650.00. The company has a market cap of $196.97 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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 firm has a 50-day moving average price of $596.65 and a two-hundred day moving average price of $542.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for 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 firm's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business 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 $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.89%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

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.