The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH cut its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,400 shares of the investment management company’s stock after selling 77 shares during the period. North Point Portfolio Managers Corp OH’s holdings in The Goldman Sachs Group were worth $10,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Norges Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $759,531,000. Morgan Stanley lifted its holdings in 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 worth $2,038,425,000 after buying an additional 1,696,350 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 168,772.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock worth $427,367,000 after acquiring an additional 1,243,852 shares in the last quarter. Comerica Bank purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $2,300,710,000. Finally, Congress Wealth Management LLC DE raised its position in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after acquiring an additional 650,918 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. Oppenheimer lowered their price target on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. Barclays increased their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. HSBC boosted their price target 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, March 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $390.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, March 27th. Finally, JMP Securities reissued a “market outperform” rating and issued a $440.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $411.10.

View Our Latest Analysis on GS

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares in the company, valued at $3,809,443.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares in the company, valued at approximately $3,809,443.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,907 shares of company stock valued at $15,080,021. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $2.26 during trading hours on Wednesday, hitting $412.41. 467,760 shares of the company were exchanged, compared to its average volume of 2,299,020. The business has a 50-day moving average of $391.25 and a 200-day moving average of $359.92. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. 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 stock has a market capitalization of $133.84 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.59 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $10.80 billion. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The Goldman Sachs Group’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.32 EPS. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a $2.75 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a yield of 2.67%. The Goldman Sachs Group’s payout ratio is currently 48.20%.

About The Goldman Sachs Group

(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 financing under securities to resale agreements.

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

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