Campbell Capital Management Inc. Trims Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Campbell Capital Management Inc. lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 77.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,200 shares of the investment management company’s stock after selling 4,177 shares during the quarter. Campbell Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock valued at $129,144,000 after purchasing an additional 5,541 shares during the period. Franklin Street Advisors Inc. NC raised its holdings in shares of The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after buying an additional 2,863 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $356,000. Park Edge Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $703,000. Finally, Nordea Investment Management AB raised its holdings in shares of The Goldman Sachs Group by 30.3% in the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock valued at $122,453,000 after buying an additional 49,710 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In related news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Up 3.3 %

GS opened at $542.31 on Friday. The Goldman Sachs Group, Inc. has a one year low of $383.41 and a one year high of $672.19. The company has a market cap of $169.22 billion, a P/E ratio of 13.37, a PEG ratio of 0.89 and a beta of 1.37. 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 business’s 50-day simple moving average is $612.79 and its 200-day simple moving average is $566.37.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Analyst Ratings Changes

Several research firms recently issued reports on GS. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley cut their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday. Oppenheimer cut their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $594.27.

The Goldman Sachs Group 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.