The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 160,805 shares of the investment management company’s stock after selling 2,045 shares during the period. The Goldman Sachs Group makes up 3.0% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 5th largest position. Miller Howard Investments Inc. NY’s holdings in The Goldman Sachs Group were worth $92,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management raised its stake in The Goldman Sachs Group by 19.9% during the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after acquiring an additional 761 shares in the last quarter. Private Advisory Group LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter valued at about $293,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in The Goldman Sachs Group by 28.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,956 shares of the investment management company’s stock valued at $16,312,000 after buying an additional 7,261 shares in the last quarter. Wynn Capital LLC raised its position in shares of The Goldman Sachs Group by 0.9% during the 3rd quarter. Wynn Capital LLC now owns 5,857 shares of the investment management company’s stock worth $2,900,000 after buying an additional 50 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of The Goldman Sachs Group by 5.3% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,597 shares of the investment management company’s stock worth $4,256,000 after acquiring an additional 432 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock valued at $19,692,543 in the last three months. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GS shares. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Citigroup lifted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Price Performance

Shares of GS opened at $655.76 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $203.58 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.91 and a beta of 1.39. The business’s 50-day moving average is $600.00 and its 200-day moving average is $546.46. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $663.87.

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 analysts’ consensus estimates 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 the consensus estimate of $12.36 billion. During the same quarter in the prior year, the firm earned $5.48 EPS. The company’s revenue was up 22.5% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid 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 yield of 1.83%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

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.