The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Toroso Investments LLC

Toroso Investments LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 63.6% in the third quarter, Holdings Channel reports. The institutional investor owned 4,063 shares of the investment management company’s stock after selling 7,091 shares during the quarter. Toroso Investments LLC’s holdings in The Goldman Sachs Group were worth $1,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Invst LLC lifted its position in shares of The Goldman Sachs Group by 1.3% during the third quarter. Invst LLC now owns 6,977 shares of the investment management company’s stock worth $2,097,000 after purchasing an additional 87 shares during the last quarter. Eagle Bay Advisors LLC grew its position in shares of The Goldman Sachs Group by 3.3% in the 3rd quarter. Eagle Bay Advisors LLC now owns 1,216 shares of the investment management company’s stock worth $357,000 after acquiring an additional 39 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of The Goldman Sachs Group by 33.2% in the 3rd quarter. IHT Wealth Management LLC now owns 4,994 shares of the investment management company’s stock valued at $1,464,000 after acquiring an additional 1,246 shares during the last quarter. MFA Wealth Advisors LLC raised its position in shares of The Goldman Sachs Group by 39.4% during the 3rd quarter. MFA Wealth Advisors LLC now owns 7,357 shares of the investment management company’s stock valued at $2,156,000 after acquiring an additional 2,078 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in The Goldman Sachs Group by 37.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 14,155 shares of the investment management company’s stock worth $4,148,000 after purchasing an additional 3,827 shares during the last quarter. Institutional investors own 69.09% of the company’s stock.

The Goldman Sachs Group Stock Down 3.7 %

GS opened at $303.54 on Friday. The stock’s fifty day moving average is $355.30 and its 200-day moving average is $346.44. The Goldman Sachs Group, Inc. has a one year low of $277.84 and a one year high of $389.58. The company has a market capitalization of $101.81 billion, a PE ratio of 10.10, a P/E/G ratio of 0.61 and a beta of 1.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.90 and a current ratio of 0.90.

The Goldman Sachs Group (NYSE:GS – Get Rating) last issued its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 EPS for the quarter, missing the consensus estimate of $5.25 by ($1.93). The Goldman Sachs Group had a return on equity of 10.55% and a net margin of 16.39%. The business had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $10.91 billion. During the same quarter last year, the firm posted $10.81 earnings per share. The Goldman Sachs Group’s revenue was down 16.2% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 33.14 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 2nd will be given a $2.50 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $10.00 annualized dividend and a yield of 3.29%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 33.27%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $6.43, for a total transaction of $25,720,000.00. Following the completion of the sale, the insider now directly owns 17,099,784 shares of the company’s stock, valued at approximately $109,951,611.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of The Goldman Sachs Group from $356.00 to $332.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 18th. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $441.00 to $463.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Goldman Sachs Group from $370.00 to $345.00 in a report on Friday, January 6th. BMO Capital Markets lowered their target price on The Goldman Sachs Group from $485.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, January 18th. Finally, JMP Securities reissued a “market outperform” rating and issued a $470.00 price target on shares of The Goldman Sachs Group in a report on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $399.24.

The Goldman Sachs Group Profile

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The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.