The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,504 shares of the investment management company’s stock after selling 395 shares during the period. Moody Lynn & Lieberson LLC’s holdings in The Goldman Sachs Group were worth $4,297,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC acquired a new position in The Goldman Sachs Group in the second quarter valued at $1,040,000. Kathmere Capital Management LLC raised its holdings in shares of The Goldman Sachs Group by 6.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,174 shares of the investment management company’s stock worth $531,000 after purchasing an additional 69 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 9.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 3,267 shares of the investment management company’s stock valued at $1,478,000 after purchasing an additional 287 shares in the last quarter. Ascent Group LLC grew its holdings in shares of The Goldman Sachs Group by 34.0% during the 2nd quarter. Ascent Group LLC now owns 1,477 shares of the investment management company’s stock worth $668,000 after purchasing an additional 375 shares during the period. Finally, Creative Planning increased its position in The Goldman Sachs Group by 6.7% during the 2nd quarter. Creative Planning now owns 74,446 shares of the investment management company’s stock worth $33,674,000 after purchasing an additional 4,661 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,017 shares of company stock valued at $19,655,538. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $636.80 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $645.54. The company has a market cap of $199.90 billion, a PE ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38. The stock has a 50 day simple moving average of $591.21 and a 200-day simple moving average of $535.67. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Bank of America boosted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays increased their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

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.