The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 855,074 shares of the investment management company's stock after selling 670,411 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.28% of The Goldman Sachs Group worth $489,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the 4th quarter worth $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $30,000. Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at about $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $37,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS traded up $14.55 during mid-day trading on Wednesday, reaching $563.00. The stock had a trading volume of 867,151 shares, compared to its average volume of 2,690,694. 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 business has a 50 day simple moving average of $604.83 and a 200 day simple moving average of $573.37. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The firm has a market capitalization of $175.68 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.89 and a beta of 1.37.

Remove Ads

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for 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 company's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.48 earnings per share. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.13%. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent research reports. Barclays raised their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price target on The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Citigroup decreased their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $591.87.

Insider Activity at The Goldman Sachs Group

In other news, Director Kevin R. Johnson purchased 2,400 shares of the company's stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 over the last 90 days. Company insiders own 0.55% of the company's stock.

About The Goldman Sachs Group

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.