Delta Asset Management LLC TN Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Delta Asset Management LLC TN lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 83,709 shares of the investment management company’s stock after selling 1,674 shares during the period. The Goldman Sachs Group accounts for 4.3% of Delta Asset Management LLC TN’s portfolio, making the stock its 4th biggest holding. Delta Asset Management LLC TN’s holdings in The Goldman Sachs Group were worth $47,933,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of The Goldman Sachs Group during the third quarter valued at $1,189,000. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the 3rd quarter valued at about $34,000. FMR LLC raised its position in shares of 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 worth $1,435,144,000 after buying an additional 521,054 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $206,000. Finally, Avestar Capital LLC boosted its holdings in shares of The Goldman Sachs Group by 8.8% in the third quarter. Avestar Capital LLC now owns 1,824 shares of the investment management company’s stock valued at $903,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last three months. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $573.37 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $178.91 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. The business’s 50-day moving average is $610.88 and its 200-day moving average is $570.63. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the business posted $5.48 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

Several brokerages recently commented on GS. UBS Group boosted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Citigroup decreased their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday. Barclays boosted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $593.27.

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.