Tsfg LLC Trims Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Tsfg LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 655 shares of the investment management company’s stock after selling 28 shares during the period. Tsfg LLC’s holdings in The Goldman Sachs Group were worth $324,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. SageView Advisory Group LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $505,000. Moody National Bank Trust Division boosted its position in The Goldman Sachs Group by 1.2% in the 1st quarter. Moody National Bank Trust Division now owns 3,106 shares of the investment management company’s stock valued at $1,297,000 after buying an additional 36 shares during the period. Bath Savings Trust Co bought a new position in The Goldman Sachs Group in the 1st quarter worth about $215,000. Massmutual Trust Co. FSB ADV increased its position in shares of The Goldman Sachs Group by 0.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 11,679 shares of the investment management company’s stock worth $4,878,000 after acquiring an additional 80 shares during the period. Finally, Welch Group LLC raised its stake in shares of The Goldman Sachs Group by 5.8% during the first quarter. Welch Group LLC now owns 14,810 shares of the investment management company’s stock valued at $6,186,000 after acquiring an additional 809 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on GS shares. JMP Securities raised their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Oppenheimer lifted their price objective on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Citigroup raised their target price on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $513.69.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $522.60 on Wednesday. The firm has a market capitalization of $168.52 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50-day simple moving average is $495.39 and its 200-day simple moving average is $467.39. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $540.51.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the prior year, the business posted $5.47 EPS. The Goldman Sachs Group’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.30%. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

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.