Signature Estate & Investment Advisors LLC Sells 18 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Signature Estate & Investment Advisors LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,371 shares of the investment management company’s stock after selling 18 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $785,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Asset Management One Co. Ltd. raised its holdings in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after buying an additional 5,541 shares during the period. Erste Asset Management GmbH increased its stake in The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after purchasing an additional 320 shares during the period. Franklin Street Advisors Inc. NC lifted its position in shares of The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after purchasing an additional 2,863 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $356,000. Finally, Park Edge Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $703,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research analyst reports. Citigroup lowered their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research report on Monday. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $593.27.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last ninety days. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $573.37 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 has a market cap of $178.91 billion, a PE ratio of 14.14, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19. The business’s fifty day simple moving average is $610.88 and its 200-day simple moving average is $570.63.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.48 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.09%. The Goldman Sachs Group’s payout ratio is currently 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.