The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by LSV Asset Management

LSV Asset Management cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 597,851 shares of the investment management company’s stock after selling 16,356 shares during the quarter. LSV Asset Management owned about 0.18% of The Goldman Sachs Group worth $230,633,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Congress Wealth Management LLC DE boosted its stake in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares during the last quarter. Morgan Stanley increased its position in shares of The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after purchasing an additional 412,383 shares during the last quarter. Wellington Management Group LLP increased its holdings in The Goldman Sachs Group by 17.5% in the third quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock valued at $556,295,000 after buying an additional 255,690 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in The Goldman Sachs Group in the third quarter valued at about $64,070,000. Finally, Raymond James & Associates lifted its holdings in The Goldman Sachs Group by 41.9% during the 4th quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock worth $236,101,000 after buying an additional 180,674 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 1.3 %

The Goldman Sachs Group stock traded up $5.61 during mid-day trading on Friday, hitting $438.18. The stock had a trading volume of 2,406,445 shares, compared to its average volume of 2,599,859. The stock has a market capitalization of $142.20 billion, a PE ratio of 17.11, a P/E/G ratio of 1.38 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $442.30. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The stock has a 50-day simple moving average of $404.59 and a two-hundred day simple moving average of $374.23.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.79 earnings per share. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.51%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insiders Place Their Bets

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,330 shares of company stock worth $11,713,578. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research note on Tuesday, April 16th. HSBC lifted their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Finally, Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $437.04.

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.