Eubel Brady & Suttman Asset Management Inc. Sells 28,169 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Eubel Brady & Suttman Asset Management Inc. decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 96.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,127 shares of the investment management company’s stock after selling 28,169 shares during the quarter. Eubel Brady & Suttman Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $645,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Swedbank AB raised its holdings in shares of The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after acquiring an additional 13,730 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 2.2% during the third quarter. Foundations Investment Advisors LLC now owns 1,804 shares of the investment management company’s stock valued at $893,000 after buying an additional 38 shares during the period. McAdam LLC bought a new position in The Goldman Sachs Group in the third quarter worth approximately $210,000. Romano Brothers AND Company lifted its holdings in The Goldman Sachs Group by 7.7% during the third quarter. Romano Brothers AND Company now owns 1,050 shares of the investment management company’s stock worth $520,000 after buying an additional 75 shares during the period. Finally, Global Trust Asset Management LLC boosted its position in The Goldman Sachs Group by 5.1% during the 3rd quarter. Global Trust Asset Management LLC now owns 3,173 shares of the investment management company’s stock valued at $1,571,000 after acquiring an additional 154 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of analyst reports. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Barclays increased their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $593.56.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $625.70 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. The business’s 50 day moving average price is $611.58 and its 200 day moving average price is $557.71. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $195.24 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.93 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm earned $5.48 EPS. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, sell-side analysts expect 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 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 dividend on an annualized basis and a dividend yield of 1.92%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Activity

In related news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 in the last quarter. 0.54% of the stock is currently owned by company insiders.

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.