Federated Hermes Inc. Sells 39,951 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Federated Hermes Inc. decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 44.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,340 shares of the investment management company’s stock after selling 39,951 shares during the quarter. Federated Hermes Inc.’s holdings in The Goldman Sachs Group were worth $28,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sepio Capital LP grew its holdings in The Goldman Sachs Group by 4.8% during the 4th quarter. Sepio Capital LP now owns 1,165 shares of the investment management company’s stock worth $667,000 after acquiring an additional 53 shares during the last quarter. Waterloo Capital L.P. bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $239,000. Ilmarinen Mutual Pension Insurance Co increased its holdings in The Goldman Sachs Group by 48.2% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 36,209 shares of the investment management company’s stock valued at $20,734,000 after purchasing an additional 11,775 shares during the period. Rahlfs Capital LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth $401,000. Finally, Wedbush Securities Inc. lifted its holdings in The Goldman Sachs Group by 12.6% during the 4th quarter. Wedbush Securities Inc. now owns 7,775 shares of the investment management company’s stock worth $4,452,000 after buying an additional 869 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This represents a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last quarter. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a report on Friday, March 28th. JMP Securities decreased their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Citigroup dropped their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $586.00.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $461.67 on Wednesday. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19. The company has a market cap of $144.06 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.89 and a beta of 1.33. The firm has a 50-day moving average of $587.13 and a 200-day moving average of $572.67. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its 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 firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.48 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.60%. The Goldman Sachs Group’s dividend payout ratio is currently 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.