Good Life Advisors LLC Sells 1,221 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Good Life Advisors LLC decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 59.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 843 shares of the investment management company’s stock after selling 1,221 shares during the period. Good Life Advisors LLC’s holdings in The Goldman Sachs Group were worth $483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB increased its position in shares of The Goldman Sachs Group by 4.2% during the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after buying an additional 13,730 shares during the period. Foundations Investment Advisors LLC boosted its position in The Goldman Sachs Group by 2.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,804 shares of the investment management company’s stock valued at $893,000 after acquiring an additional 38 shares in the last quarter. Eastern Bank grew its holdings in shares of The Goldman Sachs Group by 14.9% during the 3rd quarter. Eastern Bank now owns 1,464 shares of the investment management company’s stock worth $725,000 after acquiring an additional 190 shares during the period. GAM Holding AG bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $1,011,000. Finally, Wallington Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 1.7% in the 3rd quarter. Wallington Asset Management LLC now owns 34,724 shares of the investment management company’s stock valued at $17,192,000 after purchasing an additional 575 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 3.8 %

GS stock opened at $642.81 on Friday. The stock has a market capitalization of $200.58 billion, a P/E ratio of 15.85, a P/E/G ratio of 0.93 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $381.26 and a 1-year high of $672.19. The business has a fifty day moving average price of $610.78 and a 200-day moving average price of $556.55.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (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 business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the business earned $5.48 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup upped their target price 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. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. 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 report on Thursday, January 16th. Finally, HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $593.56.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 owns 8,192 shares in the company, 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. In the last ninety days, insiders sold 31,475 shares of company stock worth $19,692,543. Insiders own 0.54% 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.