Signature Estate & Investment Advisors LLC Cuts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Signature Estate & Investment Advisors LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,371 shares of the investment management company’s stock after selling 18 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $37,000. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Carey Halio sold 3,640 shares of the company’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 sale, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $573.37 on Thursday. The business’s 50-day simple moving average is $610.88 and its two-hundred day simple moving average is $570.63. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The stock has a market cap of $178.91 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. 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 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, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the company earned $5.48 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid 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 yield of 2.09%. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

GS has been the subject of several research analyst reports. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Citigroup dropped their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Morgan Stanley reduced their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $593.27.

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.