Private Wealth Partners LLC Sells 620 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Private Wealth Partners LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,952 shares of the investment management company’s stock after selling 620 shares during the period. The Goldman Sachs Group comprises about 1.9% of Private Wealth Partners LLC’s investment portfolio, making the stock its 15th largest position. Private Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $25,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC grew its holdings in The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares in the last quarter. FMR LLC raised its holdings in The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. Janus Henderson Group PLC lifted its position in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after acquiring an additional 251,972 shares during the last quarter. Congress Asset Management Co. grew its holdings in The Goldman Sachs Group by 829.0% in the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock worth $128,886,000 after purchasing an additional 232,297 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of The Goldman Sachs Group by 45.9% during the third quarter. National Bank of Canada FI now owns 544,178 shares of the investment management company’s stock worth $269,428,000 after purchasing an additional 171,071 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.6 %

Shares of NYSE:GS opened at $668.02 on Thursday. The business’s 50 day moving average price is $609.75 and its 200-day moving average price is $555.95. The Goldman Sachs Group, Inc. has a 1 year low of $380.85 and a 1 year high of $672.19. The firm has a market capitalization of $207.39 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. 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 posted its quarterly earnings data 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 business had revenue of $13.87 billion for the quarter, compared to the consensus estimate 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 revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $5.48 earnings per share. On average, equities research analysts forecast 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. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.80%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Barclays lifted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, UBS Group upped their price target on shares of 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. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $593.56.

Insiders Place Their Bets

In related news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,475 shares of company stock worth $19,692,543. Corporate 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.