Steel Grove Capital Advisors LLC Has $359,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Steel Grove Capital Advisors LLC lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 930 shares of the investment management company’s stock after selling 175 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $359,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Albert D Mason Inc. lifted its position in shares of The Goldman Sachs Group by 4.3% in the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after purchasing an additional 27 shares in the last quarter. Samalin Investment Counsel LLC increased its stake in The Goldman Sachs Group by 3.5% in the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after buying an additional 30 shares during the last quarter. Hamilton Capital LLC lifted its position in The Goldman Sachs Group by 4.3% during the 3rd quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock worth $235,000 after buying an additional 30 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of The Goldman Sachs Group by 20.4% during the 4th quarter. Financial Management Professionals Inc. now owns 177 shares of the investment management company’s stock worth $68,000 after buying an additional 30 shares during the last quarter. Finally, Atticus Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 8.6% in the 4th quarter. Atticus Wealth Management LLC now owns 380 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of several analyst reports. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. UBS Group upped their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Edward Jones started coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, HSBC lifted their price objective on shares of The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $411.10.

The Goldman Sachs Group Stock Performance

GS stock traded up $2.10 during mid-day trading on Thursday, hitting $417.35. 1,381,396 shares of the company were exchanged, compared to its average volume of 2,324,385. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $419.20. The stock has a market capitalization of $135.44 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.56 and a beta of 1.42. The business has a 50 day simple moving average of $387.82 and a 200-day simple moving average of $357.13. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. During the same period last year, the firm posted $3.32 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $11.00 annualized dividend and a dividend yield of 2.64%. The Goldman Sachs Group’s dividend payout ratio is 48.20%.

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the 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 completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock worth $15,080,021 over the last three months. Company insiders own 0.54% of the company’s stock.

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.