The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Riverpoint Wealth Management Holdings LLC

Riverpoint Wealth Management Holdings LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,185 shares of the investment management company’s stock after selling 60 shares during the period. Riverpoint Wealth Management Holdings LLC’s holdings in The Goldman Sachs Group were worth $678,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group during the fourth quarter worth about $29,000. Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group during the third quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in The Goldman Sachs Group during the third quarter worth about $38,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Oppenheimer decreased their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Citigroup raised 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 report on Thursday, November 21st. Finally, Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given 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.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $614.86 on Wednesday. The business has a 50 day moving average price of $613.18 and a two-hundred day moving average price of $560.79. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. The firm has a market cap of $191.86 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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 (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the company posted $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 608,425 shares of the company’s stock, 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 31,475 shares of company stock worth $19,692,543 over the last quarter. 0.57% of the stock is owned by corporate 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.