Jaffetilchin Investment Partners LLC Trims Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Jaffetilchin Investment Partners LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,854 shares of the investment management company’s stock after selling 29 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $1,634,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GS. Covestor Ltd grew its stake in shares of The Goldman Sachs Group by 41.3% in the fourth quarter. Covestor Ltd now owns 147 shares of the investment management company’s stock valued at $85,000 after buying an additional 43 shares in the last quarter. Accredited Investors Inc. purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $227,000. Andrew Hill Investment Advisors Inc. grew its position in The Goldman Sachs Group by 44.3% in the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 10,180 shares of the investment management company’s stock valued at $5,830,000 after acquiring an additional 3,127 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of The Goldman Sachs Group by 9.1% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,591 shares of the investment management company’s stock worth $911,000 after purchasing an additional 133 shares in the last quarter. Finally, Bank of Hawaii boosted its stake in shares of The Goldman Sachs Group by 39.0% in the fourth quarter. Bank of Hawaii now owns 6,336 shares of the investment management company’s stock valued at $3,628,000 after purchasing an additional 1,779 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $494.61 on Friday. The stock has a market cap of $154.34 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The stock has a 50 day moving average of $576.46 and a two-hundred day moving average of $572.40. 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 issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm 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 Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Evercore ISI reduced their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Citigroup lowered their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. JMP Securities reduced their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research report on Tuesday. Finally, UBS Group boosted their price objective 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. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $586.00.

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.