Lifestyle Asset Management Inc. Has $248,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Lifestyle Asset Management Inc. reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433 shares of the investment management company’s stock after selling 17 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in The Goldman Sachs Group by 4.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock valued at $6,586,000 after purchasing an additional 634 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of The Goldman Sachs Group by 3.8% in the second quarter. Evergreen Capital Management LLC now owns 1,530 shares of the investment management company’s stock valued at $692,000 after buying an additional 56 shares during the last quarter. AXA S.A. raised its holdings in shares of The Goldman Sachs Group by 10.2% in the second quarter. AXA S.A. now owns 68,037 shares of the investment management company’s stock valued at $30,774,000 after buying an additional 6,302 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in The Goldman Sachs Group by 1.3% during the 2nd quarter. Daymark Wealth Partners LLC now owns 132,535 shares of the investment management company’s stock worth $59,948,000 after buying an additional 1,650 shares in the last quarter. Finally, MBB Public Markets I LLC grew its holdings in The Goldman Sachs Group by 2,409.0% during the 2nd quarter. MBB Public Markets I LLC now owns 22,706 shares of the investment management company’s stock worth $10,270,000 after acquiring an additional 21,801 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Up 0.9 %

GS opened at $638.68 on Friday. The firm’s fifty day simple moving average is $589.34 and its 200 day simple moving average is $533.75. The stock has a market capitalization of $200.49 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.89 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, Inc. has a 12 month low of $374.24 and a 12 month high of $645.54.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 32,017 shares of company stock valued at $19,655,538 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GS. JMP Securities upped their target price on shares of 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. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Bank of America lifted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Citigroup upped their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley boosted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.