Massachusetts Financial Services Co. MA Sells 815,143 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Massachusetts Financial Services Co. MA decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 23.8% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 approximately 0.84% of The Goldman Sachs Group worth $1,497,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GS. Norges Bank bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $1,603,315,000. Raymond James Financial Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $624,844,000. Proficio Capital Partners LLC grew its position in 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 acquiring an additional 1,052,204 shares during the last quarter. Ieq Capital LLC increased its holdings in The Goldman Sachs Group by 1,400.8% in 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. Finally, Janus Henderson Group PLC raised its position in The Goldman Sachs Group by 154.7% in the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company's stock valued at $205,403,000 after purchasing an additional 251,972 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GS shares. JPMorgan Chase & Co. lowered their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a research report on Friday. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Citigroup decreased their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, UBS Group raised their target price on 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. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $589.19.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction 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 transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company's stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Down 8.1 %

Shares of GS stock traded down $41.66 during trading hours on Friday, hitting $469.57. 8,098,242 shares of the company were exchanged, compared to its average volume of 2,325,002. The company has a 50 day simple moving average of $597.54 and a two-hundred day simple moving average of $573.37. The firm has a market cap of $146.52 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.89 and a beta of 1.33. 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 fifty-two week low of $387.12 and a fifty-two week high of $672.19.

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 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 analysts' expectations of $12.36 billion. During the same period last year, the company posted $5.48 earnings per share. The business's quarterly revenue was up 22.5% on a year-over-year basis. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 29.59%.

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.