Lummis Asset Management LP Reduces Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Lummis Asset Management LP lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,872 shares of the investment management company’s stock after selling 74 shares during the period. The Goldman Sachs Group comprises 2.8% of Lummis Asset Management LP’s holdings, making the stock its 7th biggest position. Lummis Asset Management LP’s holdings in The Goldman Sachs Group were worth $2,217,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Waddell & Associates LLC grew its stake in The Goldman Sachs Group by 2.1% in the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 18 shares during the last quarter. Wescott Financial Advisory Group LLC boosted its holdings in shares of The Goldman Sachs Group by 0.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after buying an additional 18 shares in the last quarter. Bank of New Hampshire grew its position in shares of The Goldman Sachs Group by 8.0% in the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after buying an additional 18 shares during the last quarter. First Pacific Financial raised its stake in shares of The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after acquiring an additional 20 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its position in The Goldman Sachs Group by 1.7% during the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now directly owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,940 shares of company stock worth $12,656,179 in the last three months. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Evercore ISI upped their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Citigroup upped their target price on 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. Oppenheimer lowered their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $610.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $589.19.

The Goldman Sachs Group Price Performance

Shares of GS opened at $626.84 on Friday. The business’s 50-day moving average is $586.47 and its two-hundred day moving average is $528.71. The company has a market capitalization of $196.77 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $372.07 and a fifty-two week high of $627.00. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its 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 return on equity of 11.39% and a net margin of 9.89%. 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 company earned $5.48 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

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.