Shayne & Jacobs LLC Trims Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Shayne & Jacobs LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,308 shares of the investment management company’s stock after selling 370 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.2% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 10th largest position. Shayne & Jacobs LLC’s holdings in The Goldman Sachs Group were worth $4,757,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GS. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group during the third quarter valued at $34,000. Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group during the third quarter worth approximately $38,000. Finally, JDM Financial Group LLC acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at $42,000. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. This trade represents a 44.43 % 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 quarter. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on GS shares. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Finally, Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $593.56.

The Goldman Sachs Group Stock Down 1.8 %

Shares of The Goldman Sachs Group stock opened at $614.86 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19. The business’s 50 day simple moving average is $613.18 and its 200 day simple moving average is $560.79. The firm has a market cap of $191.86 billion, a PE ratio of 15.16, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given 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 1.95%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

The Goldman Sachs Group 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.