The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by AGF Management Ltd.

AGF Management Ltd. lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 16.6% during the fourth quarter, Holdings Channel reports. The fund owned 16,544 shares of the investment management company’s stock after selling 3,292 shares during the quarter. AGF Management Ltd.’s holdings in The Goldman Sachs Group were worth $9,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of GS. Swedbank AB increased its stake in The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after buying an additional 13,730 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in shares of The Goldman Sachs Group by 1.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,199 shares of the investment management company’s stock valued at $1,088,000 after purchasing an additional 29 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of The Goldman Sachs Group by 0.5% in the third quarter. Sigma Planning Corp now owns 4,605 shares of the investment management company’s stock worth $2,280,000 after buying an additional 24 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter worth about $828,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of The Goldman Sachs Group by 6.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 879 shares of the investment management company’s stock worth $435,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.0 %

GS opened at $531.59 on Wednesday. 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 cap of $165.88 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock’s fifty day simple moving average is $615.30 and its 200 day simple moving average is $566.64. The Goldman Sachs Group, Inc. has a 1-year low of $383.41 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share 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 analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the business earned $5.48 EPS. As a group, research 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 announced 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. This represents a $12.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Wall Street Analyst Weigh In

GS has been the subject of several recent analyst reports. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. UBS Group raised their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $591.69.

The Goldman Sachs Group 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.