Mutual Advisors LLC Sells 62 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Mutual Advisors LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 5,448 shares of the investment management company’s stock after selling 62 shares during the quarter. Mutual Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Waddell & Associates LLC raised its stake in The Goldman Sachs Group by 2.1% during the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after acquiring an additional 18 shares during the period. Wescott Financial Advisory Group LLC grew its holdings in shares of The Goldman Sachs Group by 0.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after purchasing an additional 18 shares in the last quarter. Bank of New Hampshire grew its holdings in The Goldman Sachs Group by 8.0% during the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after purchasing an additional 18 shares during the last quarter. Marino Stram & Associates LLC raised its holdings in shares of The Goldman Sachs Group by 4.2% in the fourth quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company’s stock worth $257,000 after buying an additional 18 shares during the period. Finally, First Pacific Financial lifted its stake in shares of The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GS shares. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley lifted their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Finally, JMP Securities boosted their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.06.

Insiders Place Their Bets

In other news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,017 shares of company stock worth $19,655,538. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $638.68 on Friday. The stock has a market capitalization of $200.49 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.89 and a beta of 1.38. The company’s fifty day moving average price is $589.34 and its 200 day moving average price is $533.75. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last announced its 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 business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the business earned $5.48 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

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.