TBH Global Asset Management LLC Sells 189 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

TBH Global Asset Management LLC lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,768 shares of the investment management company’s stock after selling 189 shares during the quarter. TBH Global Asset Management LLC’s holdings in The Goldman Sachs Group were worth $1,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GS. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at about $29,000. DT Investment Partners LLC boosted its holdings in The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group during the third quarter valued at about $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. 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. Barclays upped their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Morgan Stanley boosted their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, UBS Group lifted 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. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $593.56.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $668.02 on Thursday. The stock has a market capitalization of $207.39 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 0.92 and a beta of 1.39. The stock has a 50-day moving average of $609.75 and a 200 day moving average of $555.95. 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 Goldman Sachs Group, Inc. has a twelve month low of $380.85 and a twelve month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping 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 business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the company posted $5.48 EPS. The business’s quarterly revenue was up 22.5% on a year-over-year basis. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.80%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the business’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 transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 completion of the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,475 shares of company stock valued at $19,692,543 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

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.