Relyea Zuckerberg Hanson LLC Has $1.34 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Relyea Zuckerberg Hanson LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,335 shares of the investment management company’s stock after selling 138 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in The Goldman Sachs Group were worth $1,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Semmax Financial Advisors Inc. bought a new position in The Goldman Sachs Group during the second quarter worth $26,000. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $30,000. DT Investment Partners LLC grew 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 valued at $31,000 after buying an additional 33 shares during the last quarter. Quest Partners LLC grew its stake in The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after buying an additional 63 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $34,000. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on GS. Barclays upped their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $610.00 price objective on shares of The Goldman Sachs Group in a report on Monday, January 6th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Bank of America upped their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $589.19.

The Goldman Sachs Group Stock Up 1.1 %

Shares of GS traded up $6.91 during trading hours on Friday, hitting $619.90. The stock had a trading volume of 514,694 shares, compared to its average volume of 2,274,786. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $619.25. The firm has a market capitalization of $194.59 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The firm has a 50 day simple moving average of $585.87 and a 200-day simple moving average of $528.13. 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 (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.48 EPS. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.94%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,940 shares of company stock valued at $12,656,179. 0.57% of the stock is owned by insiders.

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.