Tower Research Capital LLC TRC Sells 4,597 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Tower Research Capital LLC TRC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,008 shares of the investment management company's stock after selling 4,597 shares during the quarter. Tower Research Capital LLC TRC's holdings in The Goldman Sachs Group were worth $17,183,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $911,000. M&T Bank Corp increased its position in shares of The Goldman Sachs Group by 0.6% in the third quarter. M&T Bank Corp now owns 27,271 shares of the investment management company's stock worth $13,502,000 after acquiring an additional 157 shares in the last quarter. SkyView Investment Advisors LLC raised its position in The Goldman Sachs Group by 8.8% in the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company's stock valued at $1,759,000 after purchasing an additional 286 shares during the period. Chelsea Counsel Co. lifted its position in The Goldman Sachs Group by 400.0% during the 3rd quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company's stock worth $186,000 after acquiring an additional 300 shares in the last quarter. Finally, Tudor Financial Inc. purchased a new position in shares of The Goldman Sachs Group in the third quarter valued at $228,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. UBS Group raised their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Finally, Barclays cut their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus price target of $593.40.

Insiders Place Their Bets

In other news, 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 owns 4,552 shares of the company's stock, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $9.55 during trading hours on Wednesday, hitting $529.54. 3,037,141 shares of the company's stock were exchanged, compared to its average volume of 2,372,897. The stock's 50-day moving average is $556.44 and its 200-day moving average is $573.08. 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 $414.85 and a 52 week high of $672.19. The stock has a market cap of $165.24 billion, a price-to-earnings ratio of 13.06, 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 released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate 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 business had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the firm earned $11.58 earnings per share. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.27%. The Goldman Sachs Group's payout ratio is 27.85%.

About The Goldman Sachs Group

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.