The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Lessened by Leo Wealth LLC

Leo Wealth LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,869 shares of the investment management company’s stock after selling 177 shares during the quarter. Leo Wealth LLC’s holdings in The Goldman Sachs Group were worth $1,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GS. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. West Branch Capital LLC purchased a new stake in The Goldman Sachs Group during the third quarter valued at about $30,000. DT Investment Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the period. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $38,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays lifted 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. Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Evercore ISI lifted their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods increased 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. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now directly 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. Over the last three months, insiders sold 31,475 shares of company stock worth $19,692,543. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Trading Up 1.9 %

Shares of NYSE:GS opened at $657.47 on Friday. 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 stock has a market capitalization of $204.11 billion, a PE ratio of 16.21, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $658.85. The firm has a fifty day moving average price of $598.03 and a 200 day moving average price of $544.50.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. 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 company posted $5.48 EPS. The firm’s revenue was up 22.5% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend 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.