Generate Investment Management Ltd Reduces Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Generate Investment Management Ltd lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,507 shares of the investment management company’s stock after selling 1,693 shares during the quarter. Generate Investment Management Ltd’s holdings in The Goldman Sachs Group were worth $8,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group in the third quarter worth $30,000. DT Investment Partners LLC lifted its stake in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the third quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $38,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of several analyst reports. Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

Insiders Place Their Bets

In related news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now 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 sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $655.76 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $663.87. 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 firm has a market capitalization of $203.58 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.89 and a beta of 1.39. The stock’s 50-day simple moving average is $599.07 and its 200-day simple moving average is $545.29.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.83%. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.