BBR Partners LLC Decreases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

BBR Partners LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,053 shares of the investment management company's stock after selling 469 shares during the period. The Goldman Sachs Group makes up 0.4% of BBR Partners LLC's holdings, making the stock its 26th biggest holding. BBR Partners LLC's holdings in The Goldman Sachs Group were worth $5,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mizuho Securities USA LLC boosted its stake in shares of The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares during the period. Fisher Asset Management LLC lifted its stake in The Goldman Sachs Group by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock worth $3,524,669,000 after acquiring an additional 112,696 shares during the last quarter. FMR LLC lifted its stake in The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock worth $1,435,144,000 after acquiring an additional 521,054 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in The Goldman Sachs Group by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company's stock worth $1,109,081,000 after acquiring an additional 22,794 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in The Goldman Sachs Group by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company's stock worth $845,466,000 after acquiring an additional 18,541 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Remove Ads

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded down $8.13 during trading on Friday, reaching $559.55. The company's stock had a trading volume of 4,069,475 shares, compared to its average volume of 2,704,592. The company has a 50-day moving average price of $616.96 and a two-hundred day moving average price of $565.76. The firm has a market cap of $174.60 billion, a PE ratio of 13.80, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company's quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.48 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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 paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.14%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares of the company's stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the company's stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

GS has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. HSBC downgraded shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and lifted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Barclays lifted 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 note on Thursday, January 16th. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Finally, Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Moderate Buy" and a consensus target price of $591.69.

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.