NBW Capital LLC Cuts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

NBW Capital LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 637 shares of the investment management company’s stock after selling 101 shares during the quarter. NBW Capital LLC’s holdings in The Goldman Sachs Group were worth $246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Morgan Stanley raised its holdings in shares of The Goldman Sachs Group by 40.0% during the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after buying an additional 1,696,350 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of The Goldman Sachs Group by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock valued at $1,396,236,000 after purchasing an additional 52,016 shares during the last quarter. Northern Trust Corp raised its position in The Goldman Sachs Group by 3.2% in the 3rd quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock worth $1,080,676,000 after purchasing an additional 104,424 shares during the period. Invesco Ltd. lifted its stake in The Goldman Sachs Group by 6.1% in the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after purchasing an additional 159,512 shares during the last quarter. Finally, Norges Bank purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at about $759,531,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Kathryn H. Ruemmler sold 7,277 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the transaction, the insider now directly owns 6,501 shares in the company, valued at $2,469,144.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of the company’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 transaction, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,907 shares of company stock valued at $13,950,851. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $403.11 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $419.20. The firm has a market cap of $130.82 billion, a PE ratio of 15.74, a P/E/G ratio of 1.31 and a beta of 1.43. The firm has a fifty day simple moving average of $396.03 and a two-hundred day simple moving average of $365.61.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same period last year, the firm earned $8.79 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 35.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.73%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. UBS Group lifted their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $434.93.

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.