The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,097 shares of the investment management company’s stock after selling 609 shares during the quarter. RWA Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $6,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $8,360,000. Schroder Investment Management Group increased its holdings in The Goldman Sachs Group by 143.5% in the 4th quarter. Schroder Investment Management Group now owns 174,815 shares of the investment management company’s stock valued at $100,103,000 after purchasing an additional 103,030 shares in the last quarter. Allianz SE purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $12,161,000. Mechanics Financial Corp acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $82,000. Finally, Allstate Corp purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $5,357,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other The Goldman Sachs Group news, Director Kevin R. Johnson bought 2,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 over the last 90 days. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $543.04 on Monday. The company has a market capitalization of $169.45 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 fifty day moving average of $608.15 and a 200-day moving average of $572.36. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.48 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

GS has been the topic of several recent research reports. UBS Group boosted their price target on 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. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Citigroup decreased their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Finally, Wells Fargo & Company dropped their target price on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $590.60.

About The Goldman Sachs Group

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.