Morningstar Investment Management LLC Sells 2,688 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Morningstar Investment Management LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 68.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,227 shares of the investment management company's stock after selling 2,688 shares during the quarter. Morningstar Investment Management LLC's holdings in The Goldman Sachs Group were worth $703,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Mizuho Securities USA LLC boosted its holdings in shares of The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. FMR LLC lifted 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 buying an additional 521,054 shares during the last quarter. Ieq Capital LLC boosted its stake in The Goldman Sachs Group by 1,400.8% in the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company's stock valued at $239,982,000 after buying an additional 391,170 shares in the last quarter. Janus Henderson Group PLC grew 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 acquiring an additional 251,972 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in The Goldman Sachs Group by 829.0% during the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company's stock worth $128,886,000 after acquiring an additional 232,297 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an "outperform" rating in a report on Thursday, January 16th. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. HSBC lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and boosted their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an "overweight" rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $593.56.

The Goldman Sachs Group Stock Down 2.6 %

Shares of GS stock traded down $16.56 on Friday, reaching $625.70. 2,327,999 shares of the company were exchanged, compared to its average volume of 2,526,130. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19. The company has a market cap of $195.24 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.93 and a beta of 1.39. The company has a 50-day moving average of $610.78 and a 200-day moving average of $556.55. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group's revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.48 EPS. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.92%. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock valued at $19,692,543 over the last 90 days. Insiders own 0.54% of the company's stock.

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.