Hyman Charles D Sells 330 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Hyman Charles D lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 41,622 shares of the investment management company’s stock after selling 330 shares during the period. Hyman Charles D’s holdings in The Goldman Sachs Group were worth $16,057,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley boosted its position 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 purchasing an additional 412,383 shares during the period. Fisher Asset Management LLC lifted its stake in shares of 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 buying an additional 152,474 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of 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 worth $1,080,676,000 after buying an additional 104,424 shares during the period. Invesco Ltd. grew its stake in The Goldman Sachs Group by 6.1% in the 3rd quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock valued at $903,485,000 after buying an additional 159,512 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in The Goldman Sachs Group by 2.1% in 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 during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Royal Bank of Canada boosted their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Bank of America increased their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $440.57.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred 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 transaction, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,330 shares of company stock worth $11,713,578. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 0.7 %

GS traded up $3.15 during mid-day trading on Wednesday, reaching $446.95. The stock had a trading volume of 1,990,321 shares, compared to its average volume of 2,363,222. The stock has a market capitalization of $145.05 billion, a P/E 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 52 week low of $289.36 and a 52 week high of $448.02. 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 firm’s fifty day simple moving average is $406.72 and its two-hundred day simple moving average is $377.23.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the prior year, the company posted $8.79 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced 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. This represents a $11.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

The Goldman Sachs Group Company 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.