Adage Capital Partners GP L.L.C. Trims Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Adage Capital Partners GP L.L.C. cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 285,509 shares of the investment management company's stock after selling 12,200 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of The Goldman Sachs Group worth $163,488,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $30,000. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 3.8 %

Shares of NYSE:GS opened at $520.18 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $414.85 and a 52-week high of $672.19. The stock has a market cap of $162.32 billion, a P/E ratio of 12.83, a PEG ratio of 0.89 and a beta of 1.33. The business has a fifty day moving average of $556.44 and a two-hundred day moving average of $573.08. 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 - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the prior year, the firm posted $11.58 earnings per share. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 3,545 shares of the company's stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares of the company's stock, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on GS. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a research report on Friday, April 4th. Royal Bank of Canada dropped their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $593.40.

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.

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