Telos Capital Management Inc. Lowers Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Telos Capital Management Inc. lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 27.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,846 shares of the investment management company’s stock after selling 4,399 shares during the period. Telos Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $6,783,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brookstone Capital Management lifted its holdings in shares of The Goldman Sachs Group by 19.9% during the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after purchasing an additional 761 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at $99,000. Marcum Wealth LLC lifted its holdings in shares of The Goldman Sachs Group by 1.3% during the 3rd quarter. Marcum Wealth LLC now owns 3,833 shares of the investment management company’s stock valued at $1,898,000 after purchasing an additional 49 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of The Goldman Sachs Group by 6.9% during the 3rd quarter. Wedmont Private Capital now owns 4,524 shares of the investment management company’s stock valued at $2,238,000 after purchasing an additional 291 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. increased its position in shares of The Goldman Sachs Group by 13.2% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 16,907 shares of the investment management company’s stock valued at $8,371,000 after acquiring an additional 1,965 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $657.47 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $658.85. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $204.11 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock’s 50-day moving average price is $598.03 and its 200-day moving average price is $544.50.

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, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the firm earned $5.48 EPS. The company’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares in the company, valued at $372,404,774. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Barclays upped their target price on 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. 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. Finally, Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

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.