Avior Wealth Management LLC Has $5.57 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Avior Wealth Management LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,734 shares of the investment management company’s stock after selling 2,129 shares during the period. Avior Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $5,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. West Branch Capital LLC acquired a new position in The Goldman Sachs Group during the third quarter valued at approximately $30,000. DT Investment Partners LLC lifted its stake in The Goldman Sachs Group by 110.0% during the third 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 during the last quarter. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter worth $34,000. Finally, Country Trust Bank acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $37,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $633.14 on Thursday. The company has a market cap of $198.75 billion, a P/E ratio of 15.61, a PEG ratio of 0.89 and a beta of 1.38. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The business has a 50-day moving average price of $589.34 and a two-hundred day moving average price of $533.75. The Goldman Sachs Group, Inc. has a 1-year low of $374.24 and a 1-year high of $635.60.

The Goldman Sachs Group (NYSE:GS) last posted 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 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 during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the company posted $5.48 earnings per share. The business’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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 issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GS shares. Bank of America raised their price objective on 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. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

Insider Activity at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,940 shares of company stock valued at $12,656,179. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Company 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.