Birinyi Associates Inc. Sells 119 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Birinyi Associates Inc. lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,646 shares of the investment management company’s stock after selling 119 shares during the period. The Goldman Sachs Group comprises about 1.8% of Birinyi Associates Inc.’s investment portfolio, making the stock its 12th biggest holding. Birinyi Associates Inc.’s holdings in The Goldman Sachs Group were worth $6,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GS. Mizuho Securities USA LLC lifted its position in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. FMR LLC lifted its position in shares of The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after acquiring an additional 521,054 shares in the last quarter. Ieq Capital LLC lifted its position in shares of The Goldman Sachs Group by 1,400.8% in the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock valued at $239,982,000 after acquiring an additional 391,170 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of The Goldman Sachs Group by 154.7% in the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after acquiring an additional 251,972 shares in the last quarter. Finally, Congress Asset Management Co. lifted its position in shares of 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 acquiring an additional 232,297 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 1.8 %

Shares of NYSE GS opened at $614.86 on Wednesday. The business’s 50 day moving average is $613.18 and its two-hundred day moving average is $560.79. 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 $381.42 and a 1-year high of $672.19. The stock has a market capitalization of $191.86 billion, a P/E ratio of 15.16, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. 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 1.95%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GS shares. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Oppenheimer lowered their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Citigroup boosted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $593.56.

Insider Activity

In related news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value 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 $2,898,440.48. The trade was a 44.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.57% 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.