Symphony Financial Ltd. Co. Sells 3,476 Shares of The Goldman Sachs Group, Inc. $GS

Symphony Financial Ltd. Co. lowered its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 84.3% in the third quarter, Holdings Channel.com reports. The fund owned 648 shares of the investment management company’s stock after selling 3,476 shares during the period. Symphony Financial Ltd. Co.’s holdings in The Goldman Sachs Group were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. Sivia Capital Partners LLC increased its stake in The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after acquiring an additional 735 shares during the period. ST Germain D J Co. Inc. increased its stake in The Goldman Sachs Group by 4.1% in the second quarter. ST Germain D J Co. Inc. now owns 1,640 shares of the investment management company’s stock valued at $1,160,000 after acquiring an additional 64 shares during the period. Finally, True North Advisors LLC acquired a new position in The Goldman Sachs Group in the second quarter worth about $226,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Stock Down 3.6%

Shares of NYSE:GS opened at $919.82 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. The company’s 50-day moving average price is $882.31 and its two-hundred day moving average price is $801.14. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The firm has a market cap of $275.88 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.11 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the firm posted $11.95 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.0%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BNP Paribas Exane lifted their price objective on The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Jefferies Financial Group upped their price target on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Citigroup increased their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. HSBC set a $604.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, January 7th. Finally, Rothschild & Co Redburn lifted their price target on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $898.00.

Get Our Latest Report on The Goldman Sachs Group

Insider Buying and Selling

In other news, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction on Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following the completion of the sale, the director directly owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. This trade represents a 7.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 68,186 shares of company stock valued at $65,820,670. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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