The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Edgar Lomax Co. VA

Edgar Lomax Co. VA decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 71.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,270 shares of the investment management company’s stock after selling 62,070 shares during the period. Edgar Lomax Co. VA’s holdings in The Goldman Sachs Group were worth $14,470,000 at the end of the most recent quarter.

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

Insider Activity at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John B. Hess purchased 3,904 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an “equal weight” rating in a report on Monday, April 7th. Citigroup reduced their price objective on 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. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Price Performance

GS opened at $509.83 on Friday. The company has a fifty day moving average price of $561.96 and a two-hundred day moving average price of $572.24. The firm has a market capitalization of $159.09 billion, a PE ratio of 12.57, a P/E/G ratio of 0.89 and a beta of 1.33. 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 Goldman Sachs Group, Inc. has a 52 week low of $403.01 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period last year, the business posted $11.58 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s 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.