Lazari Capital Management Inc. Decreases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Lazari Capital Management Inc. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,252 shares of the investment management company’s stock after selling 74 shares during the period. Lazari Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Genesee Capital Advisors LLC raised its stake in The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after acquiring an additional 17 shares in the last quarter. Horst & Graben Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 1.5% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock worth $675,000 after buying an additional 17 shares in the last quarter. Waddell & Associates LLC boosted its holdings in The Goldman Sachs Group by 2.1% during the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after buying an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC boosted its holdings in The Goldman Sachs Group by 0.7% during the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after buying an additional 18 shares in the last quarter. Finally, Bank of New Hampshire boosted its holdings in The Goldman Sachs Group by 8.0% during the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after buying an additional 18 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,865 shares of company stock valued at $25,286,862 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $640.15 on Monday. The firm has a fifty day simple moving average of $596.07 and a 200-day simple moving average of $541.71. 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 1-year low of $375.20 and a 1-year high of $650.00. The stock has a market capitalization of $198.73 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its 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 firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 EPS. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GS. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Evercore ISI upped their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Oppenheimer dropped their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group 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.