Edmond DE Rothschild Holding S.A. Sells 1,553 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Edmond DE Rothschild Holding S.A. cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 35.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,794 shares of the investment management company’s stock after selling 1,553 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in The Goldman Sachs Group were worth $1,600,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of The Goldman Sachs Group during the third quarter valued at about $206,000. Erste Asset Management GmbH bought a new position in The Goldman Sachs Group during the 3rd quarter valued at approximately $2,703,000. Benjamin Edwards Inc. lifted its holdings in The Goldman Sachs Group by 493.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,585 shares of the investment management company’s stock worth $3,757,000 after buying an additional 6,306 shares during the period. Beacon Investment Advisory Services Inc. bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $234,000. Finally, Ascent Group LLC increased its stake in shares of The Goldman Sachs Group by 18.6% during the third quarter. Ascent Group LLC now owns 1,751 shares of the investment management company’s stock valued at $867,000 after buying an additional 274 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Evercore ISI reduced their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research report on Tuesday. Barclays raised their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Citigroup reduced their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Finally, Morgan Stanley lowered their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $591.87.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $548.52 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The firm’s 50-day moving average is $604.83 and its 200 day moving average is $573.37. The stock has a market cap of $171.16 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.89 and a beta of 1.37. 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 issued 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 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 net margin of 11.32% and a return on equity of 13.30%. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.48 earnings per share. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were given a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.19%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.