City Holding Co. Sells 73 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

City Holding Co. cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 334 shares of the investment management company’s stock after selling 73 shares during the quarter. City Holding Co.’s holdings in The Goldman Sachs Group were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RoundAngle Advisors LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $1,447,000. Evanson Asset Management LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth about $204,000. Artemis Investment Management LLP lifted its holdings in The Goldman Sachs Group by 55.9% during the 4th quarter. Artemis Investment Management LLP now owns 204,265 shares of the investment management company’s stock valued at $116,966,000 after buying an additional 73,237 shares in the last quarter. Liberty One Investment Management LLC boosted its position in The Goldman Sachs Group by 2.4% in the 4th quarter. Liberty One Investment Management LLC now owns 9,791 shares of the investment management company’s stock valued at $5,607,000 after buying an additional 226 shares during the period. Finally, Cadinha & Co. LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth about $18,459,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were 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 owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the sale, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,940 shares of company stock valued at $12,656,179. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $626.84 on Tuesday. The Goldman Sachs Group, Inc. has a fifty-two week low of $372.07 and a fifty-two week high of $627.00. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $196.77 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 0.66 and a beta of 1.38. The stock’s 50-day simple moving average is $587.22 and its 200-day simple moving average is $530.73.

The Goldman Sachs Group (NYSE:GS) last released 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 company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.48 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Analysts Set New Price Targets

Several analysts have recently weighed in on GS shares. Bank of America lifted their price target on shares of 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. Morgan Stanley upped their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Barclays lifted their price objective 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. JMP Securities increased their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Finally, UBS Group restated a “neutral” rating and issued a $610.00 price target on shares of The Goldman Sachs Group in a report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $589.19.

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.