Hollencrest Capital Management Sells 185 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Hollencrest Capital Management decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 22.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 631 shares of the investment management company’s stock after selling 185 shares during the quarter. Hollencrest Capital Management’s holdings in The Goldman Sachs Group were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Swedbank AB boosted its holdings in shares of The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after purchasing an additional 13,730 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in The Goldman Sachs Group by 6.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 879 shares of the investment management company’s stock worth $435,000 after purchasing an additional 55 shares in the last quarter. First National Trust Co grew its stake in The Goldman Sachs Group by 4.3% in the third quarter. First National Trust Co now owns 2,536 shares of the investment management company’s stock worth $1,256,000 after purchasing an additional 105 shares in the last quarter. Verus Capital Partners LLC grew its stake in The Goldman Sachs Group by 3.0% in the third quarter. Verus Capital Partners LLC now owns 784 shares of the investment management company’s stock worth $388,000 after purchasing an additional 23 shares in the last quarter. Finally, Savvy Advisors Inc. grew its stake in The Goldman Sachs Group by 39.4% in the third quarter. Savvy Advisors Inc. now owns 1,093 shares of the investment management company’s stock worth $541,000 after purchasing an additional 309 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $535.61 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s fifty day moving average price is $614.56 and its 200 day moving average price is $566.43. The Goldman Sachs Group, Inc. has a 1 year low of $383.41 and a 1 year high of $672.19. The company has a market cap of $167.13 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released 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 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 the consensus estimate of $12.36 billion. During the same period in the prior year, the firm earned $5.48 EPS. The firm’s revenue was up 22.5% on a year-over-year basis. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 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. Investors of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GS shares. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note 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 stock an “overweight” rating in a report on Thursday, January 16th. Citigroup upped their target price 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. UBS Group upped their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.