The Goldman Sachs Group, Inc. $GS Shares Sold by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 27.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,996 shares of the investment management company’s stock after selling 1,536 shares during the quarter. The Goldman Sachs Group makes up approximately 1.2% of Tounjian Advisory Partners LLC’s portfolio, making the stock its 16th largest holding. Tounjian Advisory Partners LLC’s holdings in The Goldman Sachs Group were worth $3,512,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 1.9% during the third quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company’s stock valued at $5,304,824,000 after acquiring an additional 121,676 shares during the last quarter. Norges Bank acquired a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $2,138,031,000. Invesco Ltd. boosted its stake in shares of The Goldman Sachs Group by 3.5% in the third quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company’s stock worth $2,319,905,000 after acquiring an additional 97,387 shares during the last quarter. Legal & General Group Plc increased its position in shares of The Goldman Sachs Group by 1.4% during the third quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company’s stock worth $1,680,393,000 after purchasing an additional 28,642 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of The Goldman Sachs Group by 18.2% during the second quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after purchasing an additional 291,280 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the topic of a number of research reports. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Daiwa Securities Group upped their target price on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. HSBC increased their target price on shares of The Goldman Sachs Group from $742.00 to $802.00 in a research report on Friday, February 6th. UBS Group restated a “neutral” rating and set a $990.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group upped their price objective on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $919.29.

Get Our Latest Report on GS

Insider Activity

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,092 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $936.89, for a total transaction of $1,023,083.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the sale, the treasurer owned 2,017 shares in the company, valued at $1,870,101.89. This represents a 58.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by company insiders.

Trending Headlines about The Goldman Sachs Group

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

The Goldman Sachs Group Trading Up 0.5%

Shares of GS stock opened at $813.55 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company’s 50-day moving average price is $897.10 and its 200-day moving average price is $845.83. The stock has a market cap of $241.42 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.00 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The Goldman Sachs Group’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $11.95 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. The ex-dividend date is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is 35.09%.

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.

Further Reading

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

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