Amalgamated Bank Decreases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Amalgamated Bank trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,054 shares of the investment management company’s stock after selling 2,167 shares during the quarter. Amalgamated Bank’s holdings in The Goldman Sachs Group were worth $34,961,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $38,000. Finally, JDM Financial Group LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $42,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the sale, the director now owns 608,425 shares of the company’s stock, valued at $372,404,774. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,475 shares of company stock worth $19,692,543 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Barclays raised 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 report on Thursday, January 16th. Citigroup raised their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $593.56.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $626.24 on Tuesday. 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 Goldman Sachs Group, Inc. has a 1 year low of $381.42 and a 1 year high of $672.19. The company has a market capitalization of $195.41 billion, a PE ratio of 15.44, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a fifty day moving average of $612.38 and a two-hundred day moving average of $559.91.

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

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.92%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.