Groupama Asset Managment Lowers Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Groupama Asset Managment cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 56.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,449 shares of the investment management company’s stock after selling 7,136 shares during the quarter. Groupama Asset Managment’s holdings in The Goldman Sachs Group were worth $3,125,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GS. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth $30,000. Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at about $37,000. 71.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the company’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 completion of the transaction, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin R. Johnson acquired 2,400 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $548.52 on Wednesday. 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 has a market capitalization of $171.16 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.89 and a beta of 1.37. The firm’s 50 day simple moving average is $604.83 and its 200-day simple moving average is $573.37. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The company 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 firm’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the business earned $5.48 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.19%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GS shares. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Citigroup dropped their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Evercore ISI decreased their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company dropped their price objective on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Morgan Stanley cut their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $591.87.

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.