The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 24.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 192,000 shares of the investment management company’s stock after selling 62,650 shares during the quarter. Primecap Management Co. CA’s holdings in The Goldman Sachs Group were worth $109,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Axxcess Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 5.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 13,638 shares of the investment management company’s stock worth $7,809,000 after purchasing an additional 708 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of The Goldman Sachs Group by 96.3% during the 4th quarter. Tocqueville Asset Management L.P. now owns 32,868 shares of the investment management company’s stock worth $18,821,000 after purchasing an additional 16,125 shares during the period. Flagship Wealth Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $112,000. Cozad Asset Management Inc. boosted its position in shares of The Goldman Sachs Group by 107.0% during the 4th quarter. Cozad Asset Management Inc. now owns 16,784 shares of the investment management company’s stock worth $9,611,000 after purchasing an additional 8,674 shares during the period. Finally, Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of several recent research reports. UBS Group raised their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 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 cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Barclays raised their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Citigroup raised their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $594.27.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $551.86 on Wednesday. The company’s fifty day moving average price is $611.58 and its 200 day moving average price is $567.82. The Goldman Sachs Group, Inc. has a 12 month low of $383.71 and a 12 month high of $672.19. 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 firm has a market capitalization of $172.20 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping 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 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 business earned $5.48 EPS. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, sell-side analysts predict 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.17%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction 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 completion of the transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is owned by company insiders.

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.