Barometer Capital Management Inc. Sells 564 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Barometer Capital Management Inc. lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,478 shares of the investment management company’s stock after selling 564 shares during the quarter. The Goldman Sachs Group accounts for about 1.8% of Barometer Capital Management Inc.’s portfolio, making the stock its 18th largest position. Barometer Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $4,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morse Asset Management Inc bought a new position in The Goldman Sachs Group during the third quarter valued at $911,000. Zacks Investment Management raised its position in The Goldman Sachs Group by 24.8% in the 3rd quarter. Zacks Investment Management now owns 1,746 shares of the investment management company’s stock worth $864,000 after purchasing an additional 347 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in The Goldman Sachs Group by 76.2% in the third quarter. Glass Jacobson Investment Advisors llc now owns 742 shares of the investment management company’s stock worth $367,000 after purchasing an additional 321 shares during the last quarter. Groupama Asset Managment boosted its position in shares of The Goldman Sachs Group by 4.6% during the third quarter. Groupama Asset Managment now owns 12,585 shares of the investment management company’s stock valued at $62,000 after buying an additional 551 shares during the period. Finally, Continuum Advisory LLC boosted its position in shares of The Goldman Sachs Group by 27.4% during the third quarter. Continuum Advisory LLC now owns 288 shares of the investment management company’s stock valued at $143,000 after buying an additional 62 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kevin R. Johnson bought 2,400 shares of the company’s stock in a transaction on Friday, January 17th. The stock was bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent analyst reports. Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group upped 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 note on Tuesday, January 21st. Finally, Evercore ISI lowered their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $586.00.

The Goldman Sachs Group Price Performance

Shares of GS opened at $461.67 on Wednesday. The company has a 50 day moving average of $587.13 and a two-hundred day moving average of $572.67. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The company has a market cap of $144.06 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for 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 firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 EPS. As a group, analysts predict 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 business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.