BDF Gestion Trims Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

BDF Gestion lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,736 shares of the investment management company’s stock after selling 406 shares during the period. The Goldman Sachs Group accounts for approximately 1.2% of BDF Gestion’s portfolio, making the stock its 15th largest holding. BDF Gestion’s holdings in The Goldman Sachs Group were worth $12,446,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GS. Mizuho Securities USA LLC grew its position in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. FMR LLC boosted its stake in The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after buying an additional 521,054 shares during the period. Janus Henderson Group PLC grew its position in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after buying an additional 251,972 shares in the last quarter. Congress Asset Management Co. increased its stake in The Goldman Sachs Group by 829.0% in the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock worth $128,886,000 after acquiring an additional 232,297 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its holdings in shares of The Goldman Sachs Group by 265.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock valued at $123,035,000 after acquiring an additional 180,500 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,657 shares of company stock valued at $21,973,272. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GS shares. Bank of America upped their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer lowered their price objective on shares of 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. Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Barclays raised their price target 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. Finally, JPMorgan Chase & Co. increased their price objective 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. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Price Performance

GS stock opened at $638.13 on Thursday. The stock has a market capitalization of $200.31 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.88 and a beta of 1.38. The firm’s 50-day moving average price is $593.22 and its two-hundred day moving average price is $538.70. 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, Inc. has a 12-month low of $375.20 and a 12-month high of $649.00.

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, 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 company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the business earned $5.48 EPS. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current 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 issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

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.