The Goldman Sachs Group, Inc. (NYSE:GS) Stake Lessened by Sigma Planning Corp

Sigma Planning Corp cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,462 shares of the investment management company’s stock after selling 143 shares during the period. Sigma Planning Corp’s holdings in The Goldman Sachs Group were worth $2,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mizuho Securities USA LLC lifted its stake 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 during the last quarter. FMR LLC lifted its stake in The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after purchasing an additional 521,054 shares during the last quarter. Ieq Capital LLC lifted its stake in The Goldman Sachs Group by 1,400.8% during the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock valued at $239,982,000 after purchasing an additional 391,170 shares during the last quarter. Janus Henderson Group PLC lifted its stake in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after purchasing an additional 251,972 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in The Goldman Sachs Group by 829.0% during the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after purchasing an additional 232,297 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the firm’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 transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares in the company, valued at $372,404,774. The trade was a 0.82 % 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 in the last 90 days. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 2.6 %

GS stock opened at $625.70 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $195.24 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.89 and a beta of 1.39. The company has a 50 day moving average of $611.58 and a two-hundred day moving average of $558.32.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Analyst Upgrades and Downgrades

GS has been the subject of several recent research reports. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their price target 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. UBS Group upped their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. 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. Finally, Citigroup upped their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $593.56.

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.