The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Peloton Wealth Strategists

Peloton Wealth Strategists lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,322 shares of the investment management company’s stock after selling 135 shares during the quarter. The Goldman Sachs Group makes up about 1.9% of Peloton Wealth Strategists’ portfolio, making the stock its 17th biggest holding. Peloton Wealth Strategists’ holdings in The Goldman Sachs Group were worth $4,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Mizuho Securities USA LLC boosted its position in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after acquiring an additional 7,475,140 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after acquiring an additional 1,052,204 shares during the last quarter. FMR LLC boosted its position in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after acquiring an additional 521,054 shares during the last quarter. Ieq Capital LLC boosted its position in shares of The Goldman Sachs Group by 1,400.8% during the 4th quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock valued at $239,982,000 after acquiring an additional 391,170 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of The Goldman Sachs Group by 154.7% during the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after acquiring an additional 251,972 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GS shares. UBS Group boosted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Barclays upped their target price 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. Finally, HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $591.69.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the 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 transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Down 1.6 %

Shares of NYSE:GS opened at $607.99 on Friday. 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 firm has a market capitalization of $189.72 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm’s 50-day moving average is $615.62 and its two-hundred day moving average is $561.52. The Goldman Sachs Group, Inc. has a 1 year low of $381.42 and a 1 year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.97%. The Goldman Sachs Group’s payout ratio is 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.