Diversify Advisory Services LLC Reduces Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Diversify Advisory Services LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,464 shares of the investment management company’s stock after selling 535 shares during the quarter. Diversify Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $1,940,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Mizuho Securities USA LLC lifted its holdings 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. Fisher Asset Management LLC lifted its holdings in The Goldman Sachs Group by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after purchasing an additional 161,133 shares in the last quarter. FMR LLC grew its holdings in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after buying an additional 521,054 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of The Goldman Sachs Group by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock valued at $1,257,602,000 after purchasing an additional 77,700 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of The Goldman Sachs Group by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after buying an additional 18,541 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,940 shares of company stock valued at $12,656,179. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 2.3 %

The Goldman Sachs Group stock opened at $626.84 on Tuesday. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $627.00. The stock has a market cap of $196.77 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. 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 stock has a 50-day moving average of $587.22 and a two-hundred day moving average of $530.73.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the business earned $5.48 EPS. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America increased their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Barclays upped their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $589.19.

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.