The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,276 shares of the investment management company’s stock after selling 90 shares during the quarter. Douglas Lane & Associates LLC’s holdings in The Goldman Sachs Group were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Semmax Financial Advisors Inc. acquired a new stake in The Goldman Sachs Group in the second quarter worth $26,000. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $27,000. Quest Partners LLC lifted its position in The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. West Branch Capital LLC acquired a new position in The Goldman Sachs Group during the 3rd quarter valued at about $30,000. Finally, DT Investment Partners LLC grew its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $579.48 on Thursday. The firm has a market cap of $181.90 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The company’s fifty day moving average is $581.68 and its 200-day moving average is $523.88. 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 Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $5.47 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 2nd were given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 35.21%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GS shares. JMP Securities lifted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Bank of America increased their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. UBS Group restated a “neutral” rating and set a $610.00 price objective on shares of The Goldman Sachs Group in a research note on Monday. Finally, Citigroup increased their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $569.31.

Insider Transactions at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is owned by insiders.

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.