Union Savings Bank Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Union Savings Bank trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 54.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109 shares of the investment management company’s stock after selling 130 shares during the period. Union Savings Bank’s holdings in The Goldman Sachs Group were worth $62,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its holdings in shares of The Goldman Sachs Group by 5.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,057 shares of the investment management company’s stock valued at $2,740,000 after purchasing an additional 303 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of The Goldman Sachs Group by 4.3% in the second quarter. Pacer Advisors Inc. now owns 22,996 shares of the investment management company’s stock worth $10,402,000 after acquiring an additional 954 shares in the last quarter. Sei Investments Co. increased its position in shares of The Goldman Sachs Group by 11.8% during the second quarter. Sei Investments Co. now owns 137,590 shares of the investment management company’s stock worth $62,228,000 after acquiring an additional 14,566 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of The Goldman Sachs Group by 4.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock valued at $6,586,000 after acquiring an additional 634 shares in the last quarter. Finally, Chesapeake Wealth Management purchased a new position in The Goldman Sachs Group in the second quarter valued at $201,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on GS shares. Barclays upped their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday. JMP Securities upped their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $589.19.

The Goldman Sachs Group Stock Up 2.3 %

The Goldman Sachs Group stock opened at $626.84 on Monday. The stock has a 50-day simple moving average of $587.22 and a 200-day simple moving average of $530.29. The company has a market capitalization of $196.77 billion, a P/E ratio of 18.39, a PEG ratio of 0.66 and a beta of 1.38. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $372.07 and a fifty-two week high of $627.00.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.48 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,940 shares of company stock valued at $12,656,179. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group 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.