Sawgrass Asset Management LLC Sells 787 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Sawgrass Asset Management LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,394 shares of the investment management company’s stock after selling 787 shares during the period. Sawgrass Asset Management LLC’s holdings in The Goldman Sachs Group were worth $2,081,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GS. Morgan Stanley lifted its position in shares of The Goldman Sachs Group by 7.8% during the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after acquiring an additional 412,383 shares in the last quarter. Fisher Asset Management LLC lifted its stake in The Goldman Sachs Group by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after acquiring an additional 152,474 shares during the period. Northern Trust Corp boosted its position in The Goldman Sachs Group by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after acquiring an additional 104,424 shares in the last quarter. Invesco Ltd. raised its holdings in The Goldman Sachs Group by 6.1% in the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after purchasing an additional 159,512 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,886,960 shares of the investment management company’s stock valued at $727,933,000 after buying an additional 38,847 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on GS. Citigroup upped their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. JMP Securities upped their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, Evercore ISI upped their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.57.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock valued at $11,713,578 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $3.15 during trading on Wednesday, hitting $446.95. The company had a trading volume of 1,990,321 shares, compared to its average volume of 2,363,222. The stock has a 50 day simple moving average of $406.72 and a 200 day simple moving average of $377.23. The firm has a market capitalization of $145.05 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $448.02.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the prior year, the business posted $8.79 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.46%. The Goldman Sachs Group’s payout ratio is 42.95%.

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.