FSA Wealth Management LLC Trims Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

FSA Wealth Management LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 23.8% in the fourth quarter, HoldingsChannel reports. The fund owned 147 shares of the investment management company’s stock after selling 46 shares during the period. FSA Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $1,603,315,000. Raymond James Financial Inc. purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $624,844,000. Proficio Capital Partners LLC raised its position in shares of The Goldman Sachs Group by 14,007.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after buying an additional 1,052,204 shares during the last quarter. FMR LLC lifted its holdings in shares of The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock worth $2,053,614,000 after buying an additional 687,711 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in The Goldman Sachs Group by 1,400.8% during the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock valued at $239,982,000 after acquiring an additional 391,170 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JMP Securities decreased their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Royal Bank of Canada cut their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Evercore ISI lowered their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $593.40.

Insider Activity

In other news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John B. Hess acquired 3,904 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $502.22 on Tuesday. The company has a market capitalization of $156.71 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.89 and a beta of 1.33. The company’s 50-day simple moving average is $559.02 and its two-hundred day simple moving average is $573.45. The Goldman Sachs Group, Inc. has a one year low of $404.57 and a one year high of $672.19. 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 issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the company posted $11.58 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

The Goldman Sachs Group 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.