The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Hyman Charles D

Hyman Charles D lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,622 shares of the investment management company’s stock after selling 330 shares during the quarter. Hyman Charles D’s holdings in The Goldman Sachs Group were worth $16,057,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Morgan Stanley boosted its stake in 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 buying an additional 412,383 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after acquiring an additional 152,474 shares during the last quarter. Northern Trust Corp grew its holdings in shares of The Goldman Sachs Group by 3.2% in the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after purchasing an additional 104,424 shares during the period. Invesco Ltd. increased its position in The Goldman Sachs Group by 6.1% during 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in The Goldman Sachs Group by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,960 shares of the investment management company’s stock worth $727,933,000 after purchasing an additional 38,847 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

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

The Goldman Sachs Group Stock Up 0.7 %

Shares of NYSE GS traded up $3.15 during midday trading on Wednesday, hitting $446.95. 1,990,321 shares of the company’s stock were exchanged, compared to its average volume of 2,363,222. The firm’s fifty day simple moving average is $406.72 and its 200-day simple moving average is $377.23. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The company has a market cap of $145.05 billion, a PE ratio of 17.45, a P/E/G ratio of 1.38 and a beta of 1.40. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $448.02.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $12.94 billion. During the same quarter in the previous year, the firm earned $8.79 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a report on Tuesday. Edward Jones initiated coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. JMP Securities upped their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Oppenheimer raised their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, HSBC upped their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $440.57.

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.