The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,226 shares of the investment management company’s stock after selling 1,216 shares during the quarter. Truist Financial Corp’s holdings in The Goldman Sachs Group were worth $119,234,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Jackson Grant Investment Advisers Inc. raised its position in shares of The Goldman Sachs Group by 10.9% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after acquiring an additional 16 shares in the last quarter. Ledyard National Bank raised its position in shares of The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock worth $278,000 after acquiring an additional 16 shares in the last quarter. Seelaus Asset Management LLC raised its position in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock worth $378,000 after acquiring an additional 16 shares in the last quarter. Genesee Capital Advisors LLC raised its position in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after acquiring an additional 17 shares in the last quarter. Finally, Horst & Graben Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock worth $675,000 after acquiring an additional 17 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 1.9 %

The Goldman Sachs Group stock opened at $661.56 on Monday. 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, Inc. has a 1-year low of $379.14 and a 1-year high of $663.87. The company has a market cap of $205.38 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The stock’s 50 day moving average price is $605.16 and its 200 day moving average price is $552.61.

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

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.81%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GS shares. Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Morgan Stanley lifted their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % 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 three months. 0.54% of the stock is currently owned by corporate 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.