The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,204 shares of the investment management company's stock after selling 3,612 shares during the period. Cullinan Associates Inc.'s holdings in The Goldman Sachs Group were worth $9,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GS. Procyon Advisors LLC increased its stake in shares of The Goldman Sachs Group by 5.5% during the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company's stock valued at $411,000 after acquiring an additional 43 shares during the last quarter. Brookstone Capital Management increased its stake in shares of The Goldman Sachs Group by 19.9% during the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company's stock valued at $2,268,000 after acquiring an additional 761 shares during the last quarter. Franklin Street Advisors Inc. NC increased its stake in shares of The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock valued at $21,934,000 after acquiring an additional 2,863 shares during the last quarter. Park Edge Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $703,000. Finally, Nordea Investment Management AB increased its position in The Goldman Sachs Group by 30.3% during the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company's stock worth $122,453,000 after purchasing an additional 49,710 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. HSBC cut The Goldman Sachs Group from a "buy" rating to a "hold" rating and upped their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. UBS Group upped their price target 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. Citigroup upped their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Moderate Buy" and a consensus price target of $591.06.

The Goldman Sachs Group Stock Performance

GS traded up $2.11 during trading hours on Tuesday, hitting $634.48. 1,743,131 shares of the stock were exchanged, compared to its average volume of 2,593,334. The stock has a 50-day simple moving average of $596.65 and a 200-day simple moving average of $542.74. The Goldman Sachs Group, Inc. has a 12 month low of $375.20 and a 12 month high of $650.00. The stock has a market cap of $196.97 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

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 (EPS) for the quarter, topping 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 firm had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same period last year, the business posted $5.48 earnings per share. The firm's revenue for the quarter was up 22.5% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share 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. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares of the company's stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares in the company, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,865 shares of company stock worth $25,286,862 over the last ninety days. 0.57% of the stock is owned by insiders.

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.