Csenge Advisory Group Sells 149 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Csenge Advisory Group trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,574 shares of the investment management company’s stock after selling 149 shares during the period. Csenge Advisory Group’s holdings in The Goldman Sachs Group were worth $901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Game Plan Financial Advisors LLC increased its stake in The Goldman Sachs Group by 3.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 5,047 shares of the investment management company’s stock valued at $2,890,000 after purchasing an additional 158 shares in the last quarter. WD Rutherford LLC increased its stake in The Goldman Sachs Group by 40.6% in the fourth quarter. WD Rutherford LLC now owns 1,039 shares of the investment management company’s stock valued at $595,000 after purchasing an additional 300 shares in the last quarter. Tcfg Wealth Management LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $231,000. Kuhn & Co Investment Counsel increased its stake in The Goldman Sachs Group by 4.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 2,521 shares of the investment management company’s stock valued at $1,444,000 after purchasing an additional 115 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $231,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $661.56 on Tuesday. The Goldman Sachs Group, Inc. has a 12 month low of $379.14 and a 12 month high of $663.87. The firm has a fifty day simple moving average of $605.16 and a 200 day simple moving average of $552.61. The stock has a market capitalization of $205.38 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.91 and a beta of 1.39. 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 Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.48 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Oppenheimer lowered their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 over the last quarter. 0.54% of the stock is currently owned by 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.