The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,053 shares of the investment management company’s stock after selling 170 shares during the quarter. Dakota Wealth Management’s holdings in The Goldman Sachs Group were worth $9,192,000 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. Eads & Heald Wealth Management grew its position in shares of The Goldman Sachs Group by 238.0% during the fourth quarter. Eads & Heald Wealth Management now owns 1,967 shares of the investment management company’s stock worth $1,126,000 after buying an additional 1,385 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 2.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 114,132 shares of the investment management company’s stock worth $65,354,000 after purchasing an additional 2,859 shares during the last quarter. Genesis Private Wealth LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $208,000. Simon Quick Advisors LLC lifted its stake in The Goldman Sachs Group by 12.9% during the fourth quarter. Simon Quick Advisors LLC now owns 2,633 shares of the investment management company’s stock worth $1,508,000 after purchasing an additional 301 shares during the last quarter. Finally, Beaumont Financial Advisors LLC lifted its stake in The Goldman Sachs Group by 29.7% during the fourth quarter. Beaumont Financial Advisors LLC now owns 973 shares of the investment management company’s stock worth $557,000 after purchasing an additional 223 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.4 %

NYSE:GS opened at $634.74 on Wednesday. The stock’s 50 day simple moving average is $587.71 and its 200-day simple moving average 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 firm has a market cap of $199.25 billion, a P/E ratio of 15.65, a PEG ratio of 0.88 and a beta of 1.38. 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 (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, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.48 earnings per share. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 46.38 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GS shares. Oppenheimer decreased 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. 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 note on Wednesday, October 16th. Morgan Stanley boosted their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. JMP Securities boosted their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, UBS Group boosted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insiders Place Their Bets

In other news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,940 shares of company stock worth $12,656,179. 0.57% of the stock is 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.