Hodges Capital Management Inc. Cuts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Hodges Capital Management Inc. trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,345 shares of the investment management company's stock after selling 2,035 shares during the quarter. Hodges Capital Management Inc.'s holdings in The Goldman Sachs Group were worth $5,351,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Czech National Bank increased its position in The Goldman Sachs Group by 4.7% during the 3rd quarter. Czech National Bank now owns 64,331 shares of the investment management company's stock valued at $31,851,000 after buying an additional 2,882 shares in the last quarter. GAMMA Investing LLC grew its stake in The Goldman Sachs Group by 18.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,865 shares of the investment management company's stock valued at $2,904,000 after purchasing an additional 925 shares during the last quarter. WealthBridge Capital Management LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at about $215,000. Diversified Trust Co boosted its stake in shares of The Goldman Sachs Group by 4.2% in the third quarter. Diversified Trust Co now owns 10,147 shares of the investment management company's stock worth $5,024,000 after buying an additional 409 shares during the last quarter. Finally, Everpar Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 24.9% in the third quarter. Everpar Advisors LLC now owns 863 shares of the investment management company's stock worth $427,000 after buying an additional 172 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 0.3 %

Shares of NYSE:GS traded up $2.11 on Tuesday, hitting $634.48. 1,743,131 shares of the company's stock were exchanged, compared to its average volume of 2,593,334. The firm's 50-day moving average is $596.65 and its 200 day moving average is $542.74. The company has a market capitalization of $196.97 billion, a PE ratio of 15.65, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $650.00. 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 (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share 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 return on equity of 13.30% and a net margin of 11.32%. The business's quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 EPS. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GS shares. Bank of America upped their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. JMP Securities increased their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Barclays increased their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, HSBC lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating and increased their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Moderate Buy" and an average target price of $591.06.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,865 shares of company stock worth $25,286,862. Company insiders own 0.57% 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.