The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Simmons Bank

Simmons Bank trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,399 shares of the investment management company’s stock after selling 215 shares during the period. Simmons Bank’s holdings in The Goldman Sachs Group were worth $10,536,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GS. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $38,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $45,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GS. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Wells Fargo & Company boosted 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 report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $593.56.

The Goldman Sachs Group Trading Down 1.8 %

NYSE GS opened at $614.86 on Wednesday. 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 $191.86 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.89 and a beta of 1.39. The firm has a 50 day simple moving average of $613.18 and a 200-day simple moving average of $560.79. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued 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 company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the company posted $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.95%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 stock was 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 directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

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.