The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Lowered by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,353 shares of the investment management company’s stock after selling 35 shares during the quarter. The Goldman Sachs Group makes up about 1.4% of Wakefield Asset Management LLLP’s portfolio, making the stock its 8th biggest position. Wakefield Asset Management LLLP’s holdings in The Goldman Sachs Group were worth $4,210,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Schulhoff & Co. Inc. increased its holdings in The Goldman Sachs Group by 13.0% during the fourth quarter. Schulhoff & Co. Inc. now owns 2,829 shares of the investment management company’s stock valued at $1,620,000 after buying an additional 325 shares during the period. QRG Capital Management Inc. increased its holdings in shares of The Goldman Sachs Group by 17.4% in the 4th quarter. QRG Capital Management Inc. now owns 69,635 shares of the investment management company’s stock valued at $39,874,000 after acquiring an additional 10,323 shares during the period. Consilium Wealth Advisory LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth $1,562,000. Proficio Capital Partners LLC lifted its stake in shares of The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after purchasing an additional 1,052,204 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in The Goldman Sachs Group by 1.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 66,266 shares of the investment management company’s stock valued at $37,945,000 after purchasing an additional 838 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $607.99 on Friday. The stock has a market cap of $189.72 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19. The business has a 50-day simple moving average of $615.62 and a 200-day simple moving average of $561.52. 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm 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 business’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.48 EPS. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin R. Johnson bought 2,400 shares of The Goldman Sachs Group stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GS shares. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. UBS Group increased their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Citigroup raised their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $690.00 to $660.00 in a report on Thursday. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

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.