The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Decreased by Maj Invest Holding A S

Maj Invest Holding A S decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,871 shares of the investment management company’s stock after selling 31,635 shares during the period. The Goldman Sachs Group comprises about 3.0% of Maj Invest Holding A S’s investment portfolio, making the stock its 19th biggest holding. Maj Invest Holding A S owned about 0.05% of The Goldman Sachs Group worth $90,973,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GS. West Branch Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter valued at $30,000. DT Investment Partners LLC grew its position in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the third quarter worth about $34,000. Country Trust Bank acquired a new position in The Goldman Sachs Group in the third quarter valued at approximately $37,000. Finally, Hershey Financial Advisers LLC bought a new position in shares of The Goldman Sachs Group during the second quarter valued at approximately $38,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 0.4 %

Shares of GS opened at $636.80 on Monday. The business’s 50-day moving average price is $591.21 and its 200 day moving average price is $536.11. 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 stock has a market capitalization of $199.90 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1-year low of $374.24 and a 1-year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the firm earned $5.48 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 46.81 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. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GS. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted 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 research report on Thursday, January 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction that occurred on 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 owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,017 shares of company stock valued at $19,655,538. Company insiders own 0.54% of the company’s stock.

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.