The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,134 shares of the investment management company's stock after selling 1,049 shares during the quarter. The Goldman Sachs Group makes up about 2.4% of Marco Investment Management LLC's holdings, making the stock its 8th biggest position. Marco Investment Management LLC's holdings in The Goldman Sachs Group were worth $28,135,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Mizuho Securities USA LLC boosted its position in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $624,844,000. Proficio Capital Partners LLC boosted its position in shares of The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after purchasing an additional 1,052,204 shares in the last quarter. FMR LLC boosted its position in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock worth $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of The Goldman Sachs Group by 1,400.8% during the 4th quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company's stock worth $239,982,000 after purchasing an additional 391,170 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

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The Goldman Sachs Group Trading Down 1.4 %

Shares of GS traded down $8.13 during mid-day trading on Friday, hitting $559.55. The company had a trading volume of 4,069,475 shares, compared to its average volume of 2,704,592. The business's 50-day simple moving average is $616.96 and its 200-day simple moving average is $565.76. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The stock has a market cap of $174.60 billion, a PE ratio of 13.80, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating 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 firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the firm posted $5.48 earnings per share. The Goldman Sachs Group's revenue for the quarter was up 22.5% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 2.14%. The Goldman Sachs Group's payout ratio is 29.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GS shares. Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. HSBC lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $591.69.

Insider Activity at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin R. Johnson acquired 2,400 shares of the company's stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the purchase, the director now directly owns 2,400 shares of the company's stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.54% 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.