The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,567 shares of the investment management company’s stock after selling 45 shares during the period. Tiemann Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Gallagher Capital Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $262,000. Schwarz Dygos Wheeler Investment Advisors LLC raised its position in shares of The Goldman Sachs Group by 34.1% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 1,283 shares of the investment management company’s stock valued at $735,000 after buying an additional 326 shares during the last quarter. NBT Bank N A NY lifted its stake in shares of The Goldman Sachs Group by 13.4% in the fourth quarter. NBT Bank N A NY now owns 8,455 shares of the investment management company’s stock worth $4,842,000 after buying an additional 1,002 shares in the last quarter. Simplicity Wealth LLC raised its holdings in The Goldman Sachs Group by 12.5% in the 4th quarter. Simplicity Wealth LLC now owns 1,124 shares of the investment management company’s stock valued at $644,000 after acquiring an additional 125 shares during the last quarter. Finally, Taika Capital LP purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $912,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group upped their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Citigroup increased their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, HSBC cut 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 research note on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $559.55 on Monday. The business has a 50-day simple moving average of $616.96 and a 200-day simple moving average of $566.25. 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 Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19. The company has a market cap of $174.60 billion, a PE ratio of 13.80, a P/E/G ratio of 0.89 and a beta of 1.37.

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, topping 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 in the previous year, the business posted $5.48 EPS. The firm’s revenue was up 22.5% on a year-over-year basis. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 5,208 shares of the business’s 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 sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the transaction, 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. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last ninety days. Insiders own 0.54% of the company’s stock.

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.