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

Saiph Capital LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,369 shares of the investment management company’s stock after selling 19 shares during the quarter. The Goldman Sachs Group makes up approximately 0.5% of Saiph Capital LLC’s portfolio, making the stock its 20th biggest position. Saiph Capital LLC’s holdings in The Goldman Sachs Group were worth $1,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. grew its position in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after buying an additional 5,541 shares in the last quarter. Erste Asset Management GmbH boosted its holdings in The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock valued at $3,309,000 after purchasing an additional 320 shares in the last quarter. Franklin Street Advisors Inc. NC boosted its holdings in The Goldman Sachs Group by 8.1% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after purchasing an additional 2,863 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $356,000. Finally, Park Edge Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $703,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $551.86 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $383.71 and a 12 month high of $672.19. 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 business has a 50 day simple moving average of $611.58 and a 200-day simple moving average of $567.82. The stock has a market capitalization of $172.20 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping 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 business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the business earned $5.48 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 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. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GS. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Oppenheimer lowered their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $594.27.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction on 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 transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last quarter. Company insiders own 0.54% of the company’s stock.

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.