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

Victory Capital Management Inc. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 407,673 shares of the investment management company’s stock after selling 57,895 shares during the period. Victory Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $233,442,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GS. Jackson Grant Investment Advisers Inc. raised its stake in shares of The Goldman Sachs Group by 10.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock valued at $93,000 after purchasing an additional 16 shares during the period. Ledyard National Bank grew its holdings in The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after purchasing an additional 16 shares in the last quarter. Seelaus Asset Management LLC increased its stake in The Goldman Sachs Group by 2.5% during the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock worth $378,000 after buying an additional 16 shares during the period. Pointe Capital Management LLC lifted its holdings in The Goldman Sachs Group by 1.0% in the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock worth $951,000 after buying an additional 16 shares in the last quarter. Finally, Genesee Capital Advisors LLC boosted its position in The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after buying an additional 17 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 4.2 %

NYSE:GS opened at $579.88 on Wednesday. The firm has a market capitalization of $180.95 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. 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 50 day moving average of $617.36 and a 200-day moving average of $564.69.

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 for the quarter, topping 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 firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the company earned $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. 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. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays lifted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday. UBS Group increased their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, Citigroup increased their price objective 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. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $591.69.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on Friday, January 24th. The stock was 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 owns 4,552 shares in the company, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 19,925 shares of company stock worth $12,630,683. 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.