The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Providence First Trust Co

Providence First Trust Co reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 24.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,802 shares of the investment management company’s stock after selling 909 shares during the period. Providence First Trust Co’s holdings in The Goldman Sachs Group were worth $1,604,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the third quarter worth $34,000. Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in The Goldman Sachs Group in the third quarter valued at $38,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group 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 transaction, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin R. Johnson purchased 2,400 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. Oppenheimer reduced their price objective on 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. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley lifted their target price 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. Finally, Citigroup boosted 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 note on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Stock Up 2.3 %

NYSE GS opened at $622.11 on Friday. The business has a fifty day moving average price of $616.74 and a 200 day moving average price of $562.46. 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 company has a market cap of $194.12 billion, a P/E ratio of 15.34, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results 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 business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.48 earnings per share. Research 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. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.93%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.