Maj Invest Holding A S Has $90.97 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Maj Invest Holding A S reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 158,871 shares of the investment management company’s stock after selling 31,635 shares during the quarter. The Goldman Sachs Group makes up 3.0% of Maj Invest Holding A S’s investment portfolio, making the stock its 19th largest holding. Maj Invest Holding A S’s holdings in The Goldman Sachs Group were worth $90,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Drive Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 2.7% during the 4th quarter. Drive Wealth Management LLC now owns 921 shares of the investment management company’s stock worth $527,000 after purchasing an additional 24 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $224,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in The Goldman Sachs Group by 36.9% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,495 shares of the investment management company’s stock valued at $1,429,000 after purchasing an additional 673 shares during the last quarter. High Net Worth Advisory Group LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at $644,000. Finally, Crescent Grove Advisors LLC grew its position in The Goldman Sachs Group by 22.7% in the 4th quarter. Crescent Grove Advisors LLC now owns 502 shares of the investment management company’s stock worth $287,000 after purchasing an additional 93 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GS shares. JMP Securities lifted their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” 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 note on Thursday, November 21st. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Oppenheimer dropped their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Stock Down 0.4 %

NYSE:GS opened at $636.80 on Monday. The company has a market cap of $199.90 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38. 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 stock’s fifty day moving average price is $591.21 and its two-hundred day moving average price is $536.11. The Goldman Sachs Group, Inc. has a 52-week low of $374.24 and a 52-week high of $645.54.

The Goldman Sachs Group (NYSE:GS) last issued 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 company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.48 EPS. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced 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. This represents a $12.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insiders Place Their Bets

In related news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were 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 of the company’s stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,017 shares of company stock worth $19,655,538. Company insiders own 0.54% of the company’s stock.

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.