Gryphon Financial Partners LLC Sells 202 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Gryphon Financial Partners LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 29.7% during the 4th quarter, HoldingsChannel reports. The firm owned 477 shares of the investment management company’s stock after selling 202 shares during the period. Gryphon Financial Partners LLC’s holdings in The Goldman Sachs Group were worth $273,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB increased its stake in shares of The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after buying an additional 13,730 shares during the period. Farther Finance Advisors LLC grew its holdings in The Goldman Sachs Group by 16.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,141 shares of the investment management company’s stock worth $1,555,000 after acquiring an additional 445 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in The Goldman Sachs Group by 4.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,212 shares of the investment management company’s stock valued at $627,000 after acquiring an additional 53 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of The Goldman Sachs Group by 18.3% during the third quarter. Janney Montgomery Scott LLC now owns 119,239 shares of the investment management company’s stock valued at $59,037,000 after acquiring an additional 18,429 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of The Goldman Sachs Group by 1.2% during the third quarter. Van ECK Associates Corp now owns 6,157 shares of the investment management company’s stock valued at $3,184,000 after acquiring an additional 71 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 2.8 %

GS opened at $604.84 on Tuesday. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. 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 company’s 50-day moving average is $617.42 and its 200 day moving average is $564.16. The firm has a market capitalization of $188.73 billion, a P/E ratio of 14.92, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $5.48 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last three months. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GS shares. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Citigroup increased their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $591.69.

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.