Groupama Asset Managment Sells 7,136 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Groupama Asset Managment cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 56.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,449 shares of the investment management company's stock after selling 7,136 shares during the quarter. Groupama Asset Managment's holdings in The Goldman Sachs Group were worth $3,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $37,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GS. Barclays upped 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 report on Thursday, January 16th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. UBS Group boosted 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. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Morgan Stanley reduced their target price 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. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $589.19.

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The Goldman Sachs Group Trading Down 8.1 %

NYSE GS traded down $41.66 during trading hours on Friday, hitting $469.57. 8,098,242 shares of the company's stock were exchanged, compared to its average volume of 2,325,002. The firm has a market cap of $146.52 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.89 and a beta of 1.33. The stock has a 50-day simple moving average of $597.54 and a 200 day simple moving average of $573.37. 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 1-year low of $387.12 and a 1-year high of $672.19.

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 EPS for the quarter, topping the consensus estimate 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 company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the firm posted $5.48 EPS. The company's quarterly revenue was up 22.5% on a year-over-year basis. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.56%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares of the company's stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction that occurred 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 in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.55% of the company's stock.

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.