Relyea Zuckerberg Hanson LLC Has $1.34 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Relyea Zuckerberg Hanson LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,335 shares of the investment management company’s stock after selling 138 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in The Goldman Sachs Group were worth $1,337,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Semmax Financial Advisors Inc. bought a new position in The Goldman Sachs Group in the 2nd quarter worth $26,000. Quest Partners LLC grew its position in shares of The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. West Branch Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $30,000. DT Investment Partners LLC increased its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the period. Finally, Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the third quarter worth $34,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 1.1 %

Shares of GS stock traded up $6.91 on Friday, reaching $619.90. The company had a trading volume of 514,694 shares, compared to its average volume of 2,274,786. The stock has a market cap of $194.59 billion, a PE ratio of 18.17, a PEG ratio of 0.66 and a beta of 1.38. The company has a 50-day moving average of $585.87 and a 200-day moving average of $528.13. 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 Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $619.25.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.48 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.94%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Insider Activity

In related news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock worth $12,656,179 over the last quarter. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GS. UBS Group reaffirmed a “neutral” rating and set a $610.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Oppenheimer decreased their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. JMP Securities boosted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $589.19.

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.