The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Enclave Advisors LLC

Enclave Advisors LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 674 shares of the investment management company’s stock after selling 78 shares during the period. Enclave Advisors LLC’s holdings in The Goldman Sachs Group were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Semmax Financial Advisors Inc. purchased a new stake in The Goldman Sachs Group during the second quarter worth about $26,000. West Branch Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $30,000. DT Investment Partners LLC boosted its stake in shares of The Goldman Sachs Group by 110.0% during the 3rd 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 acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Finally, Country Trust Bank purchased a new position in The Goldman Sachs Group in the 3rd quarter valued at approximately $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kevin R. Johnson bought 2,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was acquired 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 of the company’s stock, valued at $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares in the company, valued at $372,404,774. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock valued at $12,656,179 in the last ninety days. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, JMP Securities lifted their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Stock Up 1.4 %

Shares of NYSE:GS opened at $634.74 on Wednesday. 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 firm has a market cap of $199.25 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.90 and a beta of 1.38. The stock’s 50-day moving average price is $587.71 and its two-hundred day moving average price is $531.85. The Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $635.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the company earned $5.48 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 45.32 EPS 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. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.89%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.