J. L. Bainbridge & Co. Inc. Sells 666 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

J. L. Bainbridge & Co. Inc. cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 91,079 shares of the investment management company’s stock after selling 666 shares during the quarter. The Goldman Sachs Group accounts for 4.8% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 6th largest position. J. L. Bainbridge & Co. Inc.’s holdings in The Goldman Sachs Group were worth $52,153,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stephens Consulting LLC bought 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 shares of The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the third quarter valued at approximately $34,000. Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $37,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Barclays lifted their price target 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. 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 research note on Friday, January 3rd. 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $594.27.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $542.31 on Friday. The stock has a market capitalization of $169.22 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1-year low of $383.41 and a 1-year high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The business has a 50-day moving average price of $612.79 and a two-hundred day moving average price of $566.37.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates 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 for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.48 EPS. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.21%. The Goldman Sachs Group’s payout ratio is currently 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.