J. Safra Sarasin Holding AG Sells 855 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

J. Safra Sarasin Holding AG cut its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,859 shares of the investment management company's stock after selling 855 shares during the quarter. J. Safra Sarasin Holding AG's holdings in The Goldman Sachs Group were worth $3,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its position in The Goldman Sachs Group by 15.6% during the fourth quarter. Stifel Financial Corp now owns 279,697 shares of the investment management company's stock worth $160,190,000 after buying an additional 37,689 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of The Goldman Sachs Group by 43.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 67,728 shares of the investment management company's stock worth $38,798,000 after purchasing an additional 20,673 shares in the last quarter. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Seaview Investment Managers LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $9,619,000. Finally, Sharpepoint LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $575,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. Citigroup decreased their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Royal Bank of Canada reduced their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Finally, Barclays lowered their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $593.40.

Insider Activity

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Down 0.1 %

Shares of NYSE:GS traded down $0.42 during mid-day trading on Friday, reaching $544.95. 1,611,842 shares of the company's stock were exchanged, compared to its average volume of 2,371,344. The firm has a market capitalization of $170.05 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a twelve month low of $414.85 and a twelve month high of $672.19. The business's fifty day moving average price is $551.48 and its 200-day moving average price is $573.13. 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 Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the previous year, the company posted $11.58 EPS. On average, research 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 company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.20%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

The Goldman Sachs Group Company 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.