Boston Partners Reduces Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Boston Partners reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 993,096 shares of the investment management company’s stock after selling 154,533 shares during the quarter. Boston Partners’ holdings in The Goldman Sachs Group were worth $570,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its stake in The Goldman Sachs Group by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after purchasing an additional 5,541 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its stake in The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after purchasing an additional 2,863 shares in the last quarter. Erste Asset Management GmbH lifted its stake in The Goldman Sachs Group by 5.9% in the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after purchasing an additional 320 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $356,000. Finally, Park Edge Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $703,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on GS shares. UBS Group raised their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Oppenheimer reduced their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Citigroup lifted 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $594.27.

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kevin R. Johnson bought 2,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This trade represents a ∞ increase in their position. 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. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Up 1.9 %

The Goldman Sachs Group stock opened at $551.60 on Tuesday. 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 business’s 50-day simple moving average is $612.14 and its two-hundred day simple moving average is $567.52. The company has a market cap of $172.12 billion, a PE ratio of 13.60, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a fifty-two week low of $383.41 and a fifty-two week 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, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 earnings per share. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current 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 issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.18%. The Goldman Sachs Group’s dividend payout ratio 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.