Sharp Financial Services LLC Sells 127 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Sharp Financial Services LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 21.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 453 shares of the investment management company’s stock after selling 127 shares during the quarter. Sharp Financial Services LLC’s holdings in The Goldman Sachs Group were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at $26,000. West Branch Capital LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at $30,000. DT Investment Partners LLC raised its holdings in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares in the last quarter. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at $34,000. Finally, Country Trust Bank acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $37,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS stock opened at $633.14 on Thursday. The stock has a market capitalization of $198.75 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $635.60. 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 stock’s 50 day simple moving average is $588.56 and its 200 day simple moving average is $533.05.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating 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 firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the firm earned $5.48 EPS. The company’s revenue was up 22.5% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.90%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,940 shares of company stock worth $12,656,179 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on GS shares. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup raised their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, Barclays raised their target price on 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 stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.