Brown Financial Advisors Lowers Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Brown Financial Advisors reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,918 shares of the investment management company’s stock after selling 64 shares during the period. Brown Financial Advisors’ holdings in The Goldman Sachs Group were worth $2,244,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC increased its stake in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Trifecta Capital Advisors LLC now owns 12,846 shares of the investment management company’s stock valued at $7,356,000 after purchasing an additional 126 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in The Goldman Sachs Group by 20.9% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 9,264 shares of the investment management company’s stock worth $5,305,000 after buying an additional 1,599 shares during the last quarter. Prasad Wealth Partners LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $344,000. BankPlus Trust Department purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth $667,000. Finally, Crestwood Advisors Group LLC grew its stake in shares of The Goldman Sachs Group by 1.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 13,517 shares of the investment management company’s stock valued at $7,740,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on 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. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Citigroup boosted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. UBS Group raised their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, Oppenheimer dropped 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 research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $593.56.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,475 shares of company stock valued at $19,692,543. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Up 0.1 %

Shares of NYSE GS opened at $626.24 on Tuesday. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The company has a market capitalization of $195.41 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm’s 50-day moving average is $612.38 and its two-hundred day moving average is $559.91. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.48 EPS. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 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.