Renaissance Technologies LLC Sells 74,886 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Renaissance Technologies LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 92.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,314 shares of the investment management company's stock after selling 74,886 shares during the quarter. Renaissance Technologies LLC's holdings in The Goldman Sachs Group were worth $3,616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $37,000. Institutional investors own 71.21% of the company's stock.

Insiders Place Their Bets

In related news, insider Alex S. Golten sold 5,208 shares of the 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 sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GS shares. UBS Group raised their price target on 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. JPMorgan Chase & Co. dropped their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI decreased their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $0.02 during midday trading on Friday, reaching $545.35. 1,229,586 shares of the company's stock were exchanged, compared to its average volume of 2,370,050. 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 company's 50 day simple moving average is $551.48 and its two-hundred day simple moving average is $573.13. The Goldman Sachs Group, Inc. has a 12 month low of $414.85 and a 12 month high of $672.19. The firm has a market capitalization of $170.17 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the company earned $11.58 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.20%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.