The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,615,876 shares of the investment management company's stock after selling 815,143 shares during the period. Massachusetts Financial Services Co. MA owned 0.84% of The Goldman Sachs Group worth $1,497,903,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Wells Fargo & Company lowered their price target on The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a report on Friday, March 28th. UBS Group upped their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Morgan Stanley dropped their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $591.87.

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Insiders Place Their Bets

In related 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 transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last ninety days. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Up 2.9 %

Shares of GS traded up $15.79 during midday trading on Wednesday, hitting $564.24. The company had a trading volume of 2,542,259 shares, compared to its average volume of 2,282,495. The company's 50-day simple moving average is $603.45 and its 200-day simple moving average is $573.30. 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, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The firm has a market capitalization of $176.06 billion, a P/E ratio of 13.91, 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, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm's revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.48 EPS. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

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.