Custom Index Systems LLC Sells 26 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Custom Index Systems LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 568 shares of the investment management company’s stock after selling 26 shares during the quarter. Custom Index Systems LLC’s holdings in The Goldman Sachs Group were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $30,000. DT Investment Partners LLC lifted its stake 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 worth $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group during the third quarter valued at approximately $34,000. Country Trust Bank bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $37,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $38,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $640.15 on Friday. The company has a market cap of $198.73 billion, a PE ratio of 15.79, a PEG ratio of 0.89 and a beta of 1.38. 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, Inc. has a 1 year low of $375.20 and a 1 year high of $650.00. The company’s 50-day moving average is $596.07 and its two-hundred day moving average is $541.17.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share 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 business 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 business posted $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.87%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley boosted their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI upped their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JMP Securities lifted their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Finally, Citigroup lifted their target price 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. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $591.06.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,865 shares of company stock valued at $25,286,862 over the last three months. Company 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.