Dynamic Advisor Solutions LLC Trims Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Dynamic Advisor Solutions LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 36.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,968 shares of the investment management company’s stock after selling 1,132 shares during the period. Dynamic Advisor Solutions LLC’s holdings in The Goldman Sachs Group were worth $1,127,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $30,000. DT Investment Partners LLC lifted its position in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Country Trust Bank bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $37,000. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $38,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.4 %

Shares of GS opened at $636.80 on Monday. The Goldman Sachs Group, Inc. has a 1-year low of $374.24 and a 1-year high of $645.54. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm’s 50-day moving average price is $591.21 and its 200-day moving average price is $536.11. The firm has a market capitalization of $199.90 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the firm posted $5.48 EPS. The business’s revenue was up 22.5% on a year-over-year basis. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GS. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, UBS Group lifted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.06.

Insider Activity

In other news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,017 shares of company stock worth $19,655,538. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Profile

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.