Tanglewood Legacy Advisors LLC Trims Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Tanglewood Legacy Advisors LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 420 shares of the investment management company’s stock after selling 50 shares during the period. Tanglewood Legacy Advisors LLC’s holdings in The Goldman Sachs Group were worth $241,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter worth $29,000. West Branch Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter valued at $30,000. DT Investment Partners LLC raised its holdings in shares of 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 worth $31,000 after purchasing an additional 33 shares during the period. Finally, Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth about $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,475 shares of company stock worth $19,692,543. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Up 1.9 %

Shares of GS stock opened at $661.56 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $205.38 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The business’s fifty day moving average is $605.16 and its 200-day moving average is $551.98. The Goldman Sachs Group, Inc. has a 1 year low of $379.14 and a 1 year high of $663.87.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm 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 business earned $5.48 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Barclays increased their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group boosted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Company 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.