Allspring Global Investments Holdings LLC Decreases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Allspring Global Investments Holdings LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,854 shares of the investment management company’s stock after selling 2,140 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The Goldman Sachs Group were worth $63,725,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth about $26,000. West Branch Capital LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter worth about $30,000. DT Investment Partners LLC raised its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.0 %

GS stock opened at $649.19 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $375.77 and a 1-year high of $663.87. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $201.54 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.91 and a beta of 1.39. The business has a 50 day simple moving average of $602.89 and a two-hundred day simple moving average of $550.12.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.48 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.85%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer reduced their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Citigroup upped their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $591.06.

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.