Anchor Capital Advisors LLC Cuts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Anchor Capital Advisors LLC lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,751 shares of the investment management company’s stock after selling 1,625 shares during the quarter. Anchor Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $22,190,000 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 acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $29,000. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group during the 3rd quarter valued at about $34,000. Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at about $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in The Goldman Sachs Group in the third quarter worth about $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GS. UBS Group increased their price objective on shares of 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. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a report on Thursday. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, HSBC lowered 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. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group Stock Down 1.6 %

Shares of NYSE:GS opened at $607.99 on Friday. The business has a 50-day moving average price of $615.62 and a 200 day moving average price of $561.52. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. 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 company has a market capitalization of $189.72 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 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 analysts’ expectations of $12.36 billion. During the same quarter last year, the company posted $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared 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 1.97%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on 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 $5,117,296.64. This represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated 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 sale, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.57% of the stock is currently owned by corporate insiders.

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.