Legacy Private Trust Co. Sells 295 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Legacy Private Trust Co. lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,863 shares of the investment management company’s stock after selling 295 shares during the quarter. Legacy Private Trust Co.’s holdings in The Goldman Sachs Group were worth $6,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group during the second quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at about $27,000. Quest Partners LLC grew its position in shares of The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after buying an additional 63 shares during the last quarter. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $30,000. Finally, DT Investment Partners LLC lifted its position in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Citigroup upped 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 report on Thursday, November 21st. Finally, UBS Group reiterated a “neutral” rating and issued a $610.00 target price on shares of The Goldman Sachs Group in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $569.31.

The Goldman Sachs Group Price Performance

NYSE:GS traded down $0.64 during trading hours on Wednesday, hitting $579.48. 1,460,965 shares of the stock were exchanged, compared to its average volume of 1,875,529. The Goldman Sachs Group, Inc. has a 52-week low of $372.07 and a 52-week high of $612.73. The company has a market cap of $181.90 billion, a P/E ratio of 17.00, a P/E/G ratio of 0.85 and a beta of 1.38. The firm’s fifty day moving average price is $580.58 and its 200 day moving average price is $523.49. 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.47 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 2nd were given a dividend of $3.00 per share. The ex-dividend date was Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.07%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares in the company, valued at $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,940 shares of company stock worth $13,717,979. Insiders own 0.54% of the company’s stock.

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.