Argent Trust Co Decreases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Argent Trust Co trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,249 shares of the investment management company’s stock after selling 41 shares during the quarter. Argent Trust Co’s holdings in The Goldman Sachs Group were worth $7,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group during the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth $30,000. Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group 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 completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 4.1 %

NYSE GS traded down $21.40 during trading on Thursday, hitting $495.47. The stock had a trading volume of 520,141 shares, compared to its average volume of 2,369,713. 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 firm has a 50 day moving average price of $582.13 and a 200 day moving average price of $572.44. The company has a market capitalization of $154.61 billion, a PE ratio of 12.22, a PEG ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 EPS. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI reduced their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. JMP Securities lowered their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a report on Tuesday. Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $586.00.

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.