Impact Investors Inc Reduces Stake in The Goldman Sachs Group, Inc. $GS

Impact Investors Inc decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 46.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 774 shares of the investment management company’s stock after selling 685 shares during the quarter. Impact Investors Inc’s holdings in The Goldman Sachs Group were worth $680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Walkner Condon Financial Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 2.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock valued at $505,000 after buying an additional 11 shares in the last quarter. Sowell Financial Services LLC raised its stake in The Goldman Sachs Group by 3.3% during the 4th quarter. Sowell Financial Services LLC now owns 6,038 shares of the investment management company’s stock worth $5,308,000 after acquiring an additional 195 shares in the last quarter. Bluesphere Advisors LLC lifted its position in The Goldman Sachs Group by 0.7% in the fourth quarter. Bluesphere Advisors LLC now owns 1,620 shares of the investment management company’s stock valued at $1,424,000 after acquiring an additional 12 shares during the last quarter. TigerOak Management L.L.C. lifted its position in The Goldman Sachs Group by 0.5% in the fourth quarter. TigerOak Management L.L.C. now owns 4,431 shares of the investment management company’s stock valued at $3,895,000 after acquiring an additional 22 shares during the last quarter. Finally, BXM Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $11,833,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Sheara J. Fredman sold 4,863 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total value of $4,492,196.25. Following the transaction, the chief accounting officer owned 10,301 shares of the company’s stock, valued at approximately $9,515,548.75. The trade was a 32.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 11,623 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer owned 29,342 shares of the company’s stock, valued at $27,627,546.94. This trade represents a 28.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GS has been the topic of several research reports. BNP Paribas Exane raised their price objective on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Jefferies Financial Group upped their target price on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Daiwa Securities Group boosted their price objective on The Goldman Sachs Group from $927.00 to $940.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $929.52.

View Our Latest Report on GS

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $863.92 on Monday. The company has a 50-day simple moving average of $874.90 and a 200-day simple moving average of $851.45. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $254.85 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.13 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted $11.95 earnings per share. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 2nd were paid a $4.50 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date was Monday, March 2nd. This represents a $18.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.09%.

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About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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