Good Life Advisors LLC Decreases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Good Life Advisors LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 59.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 843 shares of the investment management company's stock after selling 1,221 shares during the period. Good Life Advisors LLC's holdings in The Goldman Sachs Group were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $29,000. DT Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after buying an additional 33 shares during the period. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group in the third quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in The Goldman Sachs Group during the third quarter valued at $38,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

GS has been the topic of several research reports. Hsbc Global Res cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a report on Thursday, November 21st. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. HSBC downgraded shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and increased their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $593.56.

The Goldman Sachs Group Price Performance

GS traded down $16.56 on Friday, hitting $625.70. 2,996,182 shares of the company's stock traded hands, compared to its average volume of 2,555,497. The company's 50 day simple moving average is $610.78 and its 200-day simple moving average is $556.55. 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, Inc. has a one year low of $381.42 and a one year high of $672.19. The firm has a market cap of $195.24 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 0.93 and a beta of 1.39.

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, beating analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the firm posted $5.48 EPS. The company's revenue was up 22.5% on a year-over-year basis. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 dividend on an annualized basis and a yield of 1.92%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares of the company's stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

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.