LSV Asset Management Decreases Position in The Goldman Sachs Group, Inc. (NYSE:GS)

LSV Asset Management lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 544,049 shares of the investment management company’s stock after selling 6,412 shares during the period. LSV Asset Management owned about 0.18% of The Goldman Sachs Group worth $311,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stephens Consulting LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday. Citigroup lowered their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. JMP Securities lowered their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research report on Tuesday. Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research report on Friday, April 4th. Finally, Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $586.00.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last 90 days. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Up 12.1 %

NYSE:GS opened at $517.94 on Thursday. The company has a 50-day moving average price of $582.13 and a 200-day moving average price of $572.44. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19. 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 stock has a market cap of $161.62 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the business posted $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

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.