The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,208 shares of the investment management company’s stock after selling 100 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in The Goldman Sachs Group were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Trust Co. boosted its holdings in shares of The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 41 shares during the period. Pacific Center for Financial Services purchased a new stake in The Goldman Sachs Group during the first quarter valued at about $33,000. Worth Asset Management LLC acquired a new position in The Goldman Sachs Group in the 1st quarter worth approximately $33,000. First Capital Advisors Group LLC. purchased a new position in shares of The Goldman Sachs Group during the second quarter valued at $34,000. Finally, PCA Investment Advisory Services Inc. acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 69.06% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $8.38 during trading hours on Monday, hitting $392.64. The stock had a trading volume of 2,757,053 shares, compared to its average volume of 2,372,353. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $396.35. The company’s fifty day moving average is $377.23 and its two-hundred day moving average is $344.61. The stock has a market capitalization of $128.04 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.35 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.77.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 7.82% and a net margin of 7.85%. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the business earned $3.32 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 32.72 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 48.20%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Ericka T. Leslie sold 1,376 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $335.15, for a total transaction of $461,166.40. Following the transaction, the insider now owns 10,471 shares in the company, valued at $3,509,355.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares in the company, valued at $3,809,443.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ericka T. Leslie sold 1,376 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $335.15, for a total transaction of $461,166.40. Following the completion of the transaction, the insider now owns 10,471 shares of the company’s stock, valued at $3,509,355.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,110 shares of company stock valued at $5,990,991. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $398.00 to $421.00 and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. UBS Group raised their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Barclays lifted their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets upped their price objective on The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $409.93.

View Our Latest Analysis on GS

The Goldman Sachs Group Profile

(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 resale agreements.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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