The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Condor Capital Management

Condor Capital Management reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,563 shares of the investment management company’s stock after selling 142 shares during the quarter. Condor Capital Management’s holdings in The Goldman Sachs Group were worth $3,186,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in GS. Swedbank AB boosted its position in shares of The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after acquiring an additional 13,730 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of The Goldman Sachs Group by 5.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 15,380 shares of the investment management company’s stock worth $7,615,000 after acquiring an additional 818 shares in the last quarter. Quest Partners LLC boosted its position in shares of The Goldman Sachs Group by 4,682.8% during the 3rd quarter. Quest Partners LLC now owns 3,061 shares of the investment management company’s stock worth $1,516,000 after acquiring an additional 2,997 shares in the last quarter. BIP Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $227,000. Finally, Banque Cantonale Vaudoise boosted its position in shares of The Goldman Sachs Group by 108.6% in the 3rd quarter. Banque Cantonale Vaudoise now owns 6,297 shares of the investment management company’s stock valued at $3,118,000 after purchasing an additional 3,279 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the sale, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. This trade represents a 44.43 % 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 owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $557.62 on Thursday. The company has a market cap of $174.00 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 has a 50 day simple moving average of $611.14 and a 200-day simple moving average of $567.75. The Goldman Sachs Group, Inc. has a 12-month low of $386.00 and a 12-month high of $672.19.

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, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.48 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GS. UBS Group upped their target price on 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. Morgan Stanley decreased their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Citigroup upped their target price on 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. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target 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.