The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Focused Investors LLC

Focused Investors LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332,100 shares of the investment management company's stock after selling 2,700 shares during the period. The Goldman Sachs Group accounts for approximately 6.0% of Focused Investors LLC's investment portfolio, making the stock its 4th biggest holding. Focused Investors LLC owned about 0.11% of The Goldman Sachs Group worth $190,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its holdings in The Goldman Sachs Group by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock worth $129,144,000 after buying an additional 5,541 shares in the last quarter. Erste Asset Management GmbH boosted its stake in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after acquiring an additional 320 shares in the last quarter. Franklin Street Advisors Inc. NC grew its position 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 period. Atlas Legacy Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $356,000. Finally, Park Edge Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter worth about $703,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. HSBC cut The Goldman Sachs Group from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Barclays increased their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Finally, Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $593.27.

The Goldman Sachs Group Trading Up 1.0 %

Shares of NYSE GS traded up $6.06 during midday trading on Tuesday, reaching $586.16. 1,716,695 shares of the stock were exchanged, compared to its average volume of 2,239,391. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The stock has a market capitalization of $182.90 billion, a P/E ratio of 14.46, a PEG ratio of 0.89 and a beta of 1.37. The company has a 50 day simple moving average of $611.24 and a 200 day simple moving average of $569.86. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly 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 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 analysts' expectations of $12.36 billion. During the same period in the prior year, the business posted $5.48 EPS. The company's revenue was up 22.5% compared to the same quarter last year. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares of the company's stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,925 shares of company stock valued at $12,630,683. Company insiders own 0.54% 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.