The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 754 shares of the investment management company’s stock after selling 122 shares during the quarter. Moody Aldrich Partners LLC’s holdings in The Goldman Sachs Group were worth $432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Procyon Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 5.5% in the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after purchasing an additional 43 shares during the period. Brookstone Capital Management grew its position in The Goldman Sachs Group by 19.9% in the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after buying an additional 761 shares during the last quarter. Franklin Street Advisors Inc. NC increased its stake in The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after buying an additional 2,863 shares during the period. Nordea Investment Management AB raised its position in The Goldman Sachs Group by 30.3% during the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after buying an additional 49,710 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after acquiring an additional 161,133 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. The trade was a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’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 sale, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,657 shares of company stock valued at $21,973,272 over the last three months. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GS shares. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. JMP Securities increased 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. Evercore ISI raised their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley upped 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. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $638.13 on Thursday. 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’s 50-day moving average price is $593.22 and its 200 day moving average price is $538.70. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $649.00. The stock has a market cap of $200.31 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released 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 business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the business earned $5.48 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 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.