Calamos Advisors LLC Cuts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Calamos Advisors LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 144,032 shares of the investment management company’s stock after selling 1,335 shares during the quarter. Calamos Advisors LLC’s holdings in The Goldman Sachs Group were worth $55,563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Federated Hermes Inc. boosted its holdings in The Goldman Sachs Group by 8.9% in the fourth quarter. Federated Hermes Inc. now owns 115,927 shares of the investment management company’s stock worth $44,721,000 after acquiring an additional 9,507 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in The Goldman Sachs Group by 1.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 25,795 shares of the investment management company’s stock worth $9,948,000 after acquiring an additional 257 shares in the last quarter. Telos Capital Management Inc. boosted its holdings in The Goldman Sachs Group by 752.7% in the fourth quarter. Telos Capital Management Inc. now owns 16,064 shares of the investment management company’s stock worth $6,197,000 after acquiring an additional 14,180 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after acquiring an additional 20,018 shares in the last quarter. Finally, KLCM Advisors Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $270,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of several recent analyst reports. BMO Capital Markets raised their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday. Evercore ISI upped their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research note on Tuesday. HSBC upped their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JMP Securities increased their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

Insiders Place Their Bets

In related news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,907 shares of company stock valued at $13,950,851. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

GS stock traded down $0.80 during midday trading on Thursday, hitting $403.11. 2,759,918 shares of the stock were exchanged, compared to its average volume of 2,369,863. The stock’s 50-day moving average price is $395.67 and its 200-day moving average price is $365.35. The stock has a market cap of $130.82 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.54 and a beta of 1.43. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted $8.79 earnings per share. Research analysts predict that The Goldman Sachs Group, Inc. will post 32.76 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 Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

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.