Davis Investment Partners LLC Trims Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Davis Investment Partners LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,357 shares of the investment management company’s stock after selling 82 shares during the quarter. Davis Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $520,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of GS. Albert D Mason Inc. lifted its position in The Goldman Sachs Group by 4.3% during the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after buying an additional 27 shares in the last quarter. Samalin Investment Counsel LLC lifted its position in The Goldman Sachs Group by 3.5% during the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after buying an additional 30 shares in the last quarter. Hamilton Capital LLC lifted its position in shares of The Goldman Sachs Group by 4.3% during the third quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock worth $235,000 after purchasing an additional 30 shares in the last quarter. Triangle Securities Wealth Management lifted its position in shares of The Goldman Sachs Group by 0.4% during the fourth quarter. Triangle Securities Wealth Management now owns 8,112 shares of the investment management company’s stock worth $3,129,000 after purchasing an additional 31 shares in the last quarter. Finally, Tsfg LLC lifted its position in shares of The Goldman Sachs Group by 5.0% during the third quarter. Tsfg LLC now owns 668 shares of the investment management company’s stock worth $216,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 69.06% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock traded up $17.24 during midday trading on Thursday, hitting $413.71. The stock had a trading volume of 4,597,480 shares, compared to its average volume of 2,371,352. The firm has a market capitalization of $134.26 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 1.51 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $414.02. The stock has a 50-day simple moving average of $385.50 and a 200 day simple moving average of $354.55. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping the consensus estimate of $3.62 by $1.86. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The Goldman Sachs Group’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $3.32 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 32.79 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be paid a dividend of $2.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 annualized dividend and a yield of 2.66%. The Goldman Sachs Group’s dividend payout ratio is currently 48.20%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GS shares. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a research note on Thursday. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. JMP Securities restated a “market outperform” rating and set a $440.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. Finally, Oppenheimer lowered their price target on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $406.87.

Get Our Latest Research Report on The Goldman Sachs Group

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the sale, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock worth $15,080,021 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

About The Goldman Sachs Group

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.