AMJ Financial Wealth Management Sells 1,071 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

AMJ Financial Wealth Management lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,942 shares of the investment management company’s stock after selling 1,071 shares during the period. The Goldman Sachs Group makes up about 3.0% of AMJ Financial Wealth Management’s portfolio, making the stock its 8th largest holding. AMJ Financial Wealth Management’s holdings in The Goldman Sachs Group were worth $10,847,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday. Barclays lifted their target price on shares of 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. Oppenheimer dropped their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Nine 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 Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group Price Performance

GS opened at $604.84 on Tuesday. The firm has a 50-day moving average price of $617.42 and a 200-day moving average price of $564.16. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $188.73 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.48 EPS. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 5,208 shares of the company’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 sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction 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 directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. Corporate 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.