L & S Advisors Inc Sells 11,473 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

L & S Advisors Inc trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 39.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,380 shares of the investment management company's stock after selling 11,473 shares during the quarter. The Goldman Sachs Group makes up about 1.1% of L & S Advisors Inc's portfolio, making the stock its 19th largest holding. L & S Advisors Inc's holdings in The Goldman Sachs Group were worth $9,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in GS. Allianz SE bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $12,161,000. Mechanics Financial Corp acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $82,000. Allstate Corp bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $5,357,000. Brown Brothers Harriman & Co. grew its stake in shares of The Goldman Sachs Group by 19.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 5,552 shares of the investment management company's stock worth $3,179,000 after purchasing an additional 909 shares during the last quarter. Finally, DnB Asset Management AS increased its holdings in The Goldman Sachs Group by 12.3% in the fourth quarter. DnB Asset Management AS now owns 149,161 shares of the investment management company's stock valued at $85,413,000 after purchasing an additional 16,286 shares during the period. Institutional investors own 71.21% of the company's stock.

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Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last quarter. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI decreased their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Barclays lifted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. UBS Group boosted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and an average target price of $591.87.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $12.42 during trading hours on Wednesday, hitting $560.87. 1,148,414 shares of the company were exchanged, compared to its average volume of 2,693,976. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $175.01 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 0.89 and a beta of 1.37. The firm has a fifty day simple moving average of $604.83 and a 200 day simple moving average of $573.37. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its 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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the company posted $5.48 earnings per share. The business's revenue was up 22.5% on a year-over-year basis. Research analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.14%. The Goldman Sachs Group's payout ratio is 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.