Nvwm LLC Has $609,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Nvwm LLC trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,063 shares of the investment management company’s stock after selling 98 shares during the period. Nvwm LLC’s holdings in The Goldman Sachs Group were worth $609,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Lion Street Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $214,000. Mirae Asset Global Investments Co. Ltd. raised its stake in The Goldman Sachs Group by 13.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,544 shares of the investment management company’s stock worth $27,359,000 after buying an additional 5,487 shares during the period. Y.D. More Investments Ltd boosted its holdings in The Goldman Sachs Group by 4.0% in the fourth quarter. Y.D. More Investments Ltd now owns 1,677 shares of the investment management company’s stock worth $960,000 after acquiring an additional 64 shares in the last quarter. Weaver Capital Management LLC increased its holdings in shares of The Goldman Sachs Group by 15.4% during the fourth quarter. Weaver Capital Management LLC now owns 1,396 shares of the investment management company’s stock valued at $799,000 after acquiring an additional 186 shares in the last quarter. Finally, Hager Investment Management Services LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $91,000. 71.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $645.13 on Thursday. The Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $650.00. 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 stock’s fifty day moving average price is $597.24 and its two-hundred day moving average price is $543.79. The firm has a market cap of $200.28 billion, a PE ratio of 15.91, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.48 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.86%. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analyst Weigh In

A number of analysts have commented on GS shares. Citigroup boosted their price target on shares of 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. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Bank of America lifted their price target 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. UBS Group raised their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $591.06.

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.