Brandywine Global Investment Management LLC Trims Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Brandywine Global Investment Management LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,385 shares of the investment management company's stock after selling 13,349 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.06% of The Goldman Sachs Group worth $98,711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 2.7 %

GS traded up $14.96 during trading hours on Wednesday, hitting $563.41. 1,038,474 shares of the company's stock were exchanged, compared to its average volume of 2,275,602. The firm has a market cap of $175.81 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month 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 firm has a 50 day moving average of $604.83 and a 200 day moving average of $573.37.

Remove Ads

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 for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business's quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.48 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

Insider Transactions at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Evercore ISI lowered their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday. Wells Fargo & Company cut their price objective on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $591.87.

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.