Robeco Institutional Asset Management B.V. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,756 shares of the investment management company's stock after selling 2,510 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of The Goldman Sachs Group worth $109,231,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of GS. Genesee Capital Advisors LLC boosted its position in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after acquiring an additional 17 shares during the last quarter. Waddell & Associates LLC boosted its holdings in shares of The Goldman Sachs Group by 2.1% during the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company's stock valued at $444,000 after purchasing an additional 18 shares during the last quarter. Wescott Financial Advisory Group LLC grew its position in shares of The Goldman Sachs Group by 0.7% during the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company's stock valued at $1,346,000 after purchasing an additional 18 shares in the last quarter. Bank of New Hampshire increased its holdings in shares of The Goldman Sachs Group by 8.0% in the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company's stock worth $139,000 after purchasing an additional 18 shares during the last quarter. Finally, Marino Stram & Associates LLC lifted its position in shares of The Goldman Sachs Group by 4.2% in the fourth quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company's stock worth $257,000 after buying an additional 18 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at The Goldman Sachs Group
In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company's stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,657 shares of company stock valued at $21,973,272. 0.54% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts have recently issued reports on GS shares. UBS Group boosted 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 note on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a report on Friday, November 15th. JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 9th. Finally, Evercore ISI raised their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $591.06.
Get Our Latest Stock Report on GS
The Goldman Sachs Group Price Performance
Shares of The Goldman Sachs Group stock traded up $0.33 during trading on Wednesday, reaching $638.13. 1,916,770 shares of the stock traded hands, compared to its average volume of 2,743,653. The company has a market capitalization of $200.31 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 0.88 and a beta of 1.38. The business has a fifty day simple moving average of $593.22 and a two-hundred day simple moving average of $538.70. 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, Inc. has a 52-week low of $375.20 and a 52-week high of $649.00.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the firm earned $5.48 earnings per share. The company's quarterly revenue was up 22.5% on a year-over-year basis. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 1.88%. The Goldman Sachs Group's payout ratio is 29.59%.
The Goldman Sachs Group Company Profile
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Free Report)
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.
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