LWM Advisory Services LLC Lowers Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

LWM Advisory Services LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 768 shares of the investment management company’s stock after selling 34 shares during the quarter. LWM Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GS. Swedbank AB boosted its stake in shares of The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after acquiring an additional 13,730 shares in the last quarter. McAdam LLC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $210,000. DT Investment Partners LLC lifted its stake 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 valued at $31,000 after buying an additional 33 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in The Goldman Sachs Group by 6.1% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 9,315 shares of the investment management company’s stock valued at $4,612,000 after buying an additional 534 shares in the last quarter. Finally, Convergence Financial LLC lifted its stake in The Goldman Sachs Group by 120.0% in the 3rd quarter. Convergence Financial LLC now owns 2,121 shares of the investment management company’s stock valued at $1,050,000 after buying an additional 1,157 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Citigroup increased their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Oppenheimer cut their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $593.56.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the sale, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $625.70 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $195.24 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19. The company’s fifty day moving average price is $611.58 and its 200 day moving average price is $558.32.

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

The Goldman Sachs Group Dividend Announcement

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 paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.92%. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.