Principle Wealth Partners LLC Sells 501 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Principle Wealth Partners LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,860 shares of the investment management company’s stock after selling 501 shares during the quarter. Principle Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $10,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Equitable Trust Co. grew its stake in shares of The Goldman Sachs Group by 11.2% during the fourth quarter. Equitable Trust Co. now owns 12,869 shares of the investment management company’s stock worth $7,369,000 after acquiring an additional 1,295 shares during the last quarter. Powell Investment Advisors LLC boosted its stake in The Goldman Sachs Group by 0.5% in the 4th quarter. Powell Investment Advisors LLC now owns 4,512 shares of the investment management company’s stock worth $2,584,000 after purchasing an additional 24 shares in the last quarter. Eukles Asset Management grew its position in The Goldman Sachs Group by 3.1% during the 4th quarter. Eukles Asset Management now owns 1,905 shares of the investment management company’s stock worth $1,091,000 after purchasing an additional 57 shares during the last quarter. Soltis Investment Advisors LLC increased its stake in The Goldman Sachs Group by 10.0% during the 4th quarter. Soltis Investment Advisors LLC now owns 1,689 shares of the investment management company’s stock valued at $967,000 after purchasing an additional 153 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its holdings in shares of The Goldman Sachs Group by 3,181.8% in the fourth quarter. Silicon Valley Capital Partners now owns 361 shares of the investment management company’s stock worth $207,000 after buying an additional 350 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Bank of America boosted their price target 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. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI upped their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Trading Down 0.9 %

GS stock opened at $650.24 on Tuesday. The firm has a market cap of $201.87 billion, a P/E ratio of 16.04, a PEG ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52-week low of $375.20 and a 52-week high of $663.87. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company’s 50-day simple moving average is $600.00 and its 200-day simple moving average is $547.26.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.48 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.85%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,475 shares of company stock valued at $19,692,543 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

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.