Banco Santander S.A. Lowers Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Banco Santander S.A. trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,821 shares of the investment management company's stock after selling 11,655 shares during the quarter. Banco Santander S.A.'s holdings in The Goldman Sachs Group were worth $29,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Kohmann Bosshard Financial Services LLC bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $37,000. Finally, Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE GS traded down $8.13 on Friday, hitting $559.55. 4,069,475 shares of the stock traded hands, compared to its average volume of 2,704,592. The business's fifty day moving average is $616.96 and its two-hundred day moving average is $565.76. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19. The firm has a market capitalization of $174.60 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the company earned $5.48 earnings per share. The Goldman Sachs Group's revenue was up 22.5% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock worth $12,630,683 over the last 90 days. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. UBS Group boosted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Oppenheimer decreased their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, HSBC lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $591.69.

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.