Good Life Advisors LLC Cuts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Good Life Advisors LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 916 shares of the investment management company’s stock after selling 122 shares during the period. Good Life Advisors LLC’s holdings in The Goldman Sachs Group were worth $354,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Cambridge Trust Co. boosted its position in The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Truvestments Capital LLC lifted its position in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. BKM Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $32,000. Pacific Center for Financial Services purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $33,000. Finally, Worth Asset Management LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,907 shares of company stock worth $15,080,021. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GS has been the topic of a number of recent research reports. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Edward Jones initiated coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Finally, Barclays boosted their price objective on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $411.10.

The Goldman Sachs Group Price Performance

GS opened at $417.69 on Friday. The stock has a 50-day moving average price of $388.58 and a 200-day moving average price of $357.54. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $419.20. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $135.55 billion, a P/E ratio of 18.30, a PEG ratio of 1.59 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.32 EPS. Equities analysts predict that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.63%. The ex-dividend date was Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 48.20%.

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.