Generali Investments Towarzystwo Funduszy Inwestycyjnych Sells 50 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced 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 13F filing with the SEC. The fund owned 3,641 shares of the investment management company’s stock after selling 50 shares during the period. The Goldman Sachs Group makes up 1.2% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 27th largest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in The Goldman Sachs Group were worth $2,085,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. grew its stake in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after buying an additional 5,541 shares in the last quarter. Franklin Street Advisors Inc. NC grew its stake in shares of The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after buying an additional 2,863 shares in the last quarter. Park Edge Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth $703,000. Atlas Legacy Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth $356,000. Finally, Nordea Investment Management AB grew its stake in shares of The Goldman Sachs Group by 30.3% in the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after buying an additional 49,710 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 1.6 %

NYSE:GS opened at $607.99 on Friday. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $189.72 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.89 and a beta of 1.39. The firm has a 50-day simple moving average of $615.62 and a 200-day simple moving average of $561.52.

The Goldman Sachs Group (NYSE:GS) last posted 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 analyst estimates of $12.36 billion. During the same quarter in the previous year, the business posted $5.48 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.97%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction on 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 transaction, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The stock was 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 of the company’s stock, valued at approximately $1,485,648. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 19,925 shares of company stock worth $12,630,683. 0.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $690.00 to $660.00 in a research note on Thursday. 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. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Citigroup lifted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $591.69.

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.