Galvin Gaustad & Stein LLC Cuts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Galvin Gaustad & Stein LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,718 shares of the investment management company’s stock after selling 2,441 shares during the period. Galvin Gaustad & Stein LLC’s holdings in The Goldman Sachs Group were worth $15,872,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Mizuho Securities USA LLC raised its stake in shares of The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares during the last quarter. FMR LLC boosted its holdings in The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after purchasing an additional 521,054 shares during the last quarter. Janus Henderson Group PLC grew its position in The Goldman Sachs Group by 154.7% during the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after purchasing an additional 251,972 shares during the last quarter. Congress Asset Management Co. grew its holdings in The Goldman Sachs Group by 829.0% in the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after purchasing an additional 232,297 shares during the period. Finally, Rheos Capital Works Inc. raised its holdings in shares of The Goldman Sachs Group by 265.4% during the third quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock worth $123,035,000 after purchasing an additional 180,500 shares during the period. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Oppenheimer cut their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Trading Up 1.2 %

Shares of GS stock opened at $640.34 on Thursday. The company has a market cap of $201.01 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12 month low of $374.24 and a 12 month high of $635.60. The business’s 50 day moving average is $589.34 and its two-hundred day moving average is $533.75. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the company earned $5.48 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the transaction, the director now directly owns 608,425 shares of the company’s stock, valued at $372,404,774. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,940 shares of company stock valued at $12,656,179 in the last ninety days. 0.54% of the stock is currently owned by corporate 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.