The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,208 shares of the investment management company’s stock after selling 100 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in The Goldman Sachs Group were worth $385,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GS. Synovus Financial Corp boosted its stake in The Goldman Sachs Group by 13.7% during the 2nd quarter. Synovus Financial Corp now owns 13,338 shares of the investment management company’s stock valued at $4,302,000 after purchasing an additional 1,605 shares during the period. First Foundation Advisors raised its holdings in The Goldman Sachs Group by 18.4% in the second quarter. First Foundation Advisors now owns 1,771 shares of the investment management company’s stock worth $571,000 after purchasing an additional 275 shares during the period. Savant Capital LLC increased its position in shares of The Goldman Sachs Group by 51.8% during the second quarter. Savant Capital LLC now owns 4,668 shares of the investment management company’s stock worth $1,506,000 after acquiring an additional 1,592 shares in the last quarter. Operose Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 195.7% in the second quarter. Operose Advisors LLC now owns 2,215 shares of the investment management company’s stock valued at $715,000 after purchasing an additional 1,466 shares during the last quarter. Finally, TBH Global Asset Management LLC boosted its position in The Goldman Sachs Group by 2.0% during the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after purchasing an additional 72 shares during the last quarter. 69.06% of the stock is owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were 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 directly owns 11,463 shares in the company, valued at approximately $4,357,659.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. In the last three months, insiders sold 16,110 shares of company stock worth $5,990,991. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $8.38 during trading hours on Monday, hitting $392.64. 2,757,053 shares of the company’s stock traded hands, compared to its average volume of 2,372,353. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $396.35. The company has a market cap of $128.04 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.77 and a current ratio of 1.14. The company’s fifty day simple moving average is $377.23 and its two-hundred day simple moving average is $344.61.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 7.82%. The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the firm earned $3.32 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 32.72 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, February 28th. The Goldman Sachs Group’s payout ratio is 48.20%.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, January 17th. UBS Group upped their price target on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Oppenheimer raised their target price on The Goldman Sachs Group from $491.00 to $506.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $398.00 to $421.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. Finally, Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $333.00 to $449.00 in a report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $409.93.

Check Out Our Latest Analysis on GS

The Goldman Sachs Group Company Profile

(Free Report)

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 resale agreements.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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