Heritage Wealth Advisors Sells 85 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Heritage Wealth Advisors trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,157 shares of the investment management company’s stock after selling 85 shares during the period. Heritage Wealth Advisors’ holdings in The Goldman Sachs Group were worth $663,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group during the 4th quarter valued at $29,000. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $30,000. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on GS. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup reduced their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays raised their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $593.27.

The Goldman Sachs Group Trading Up 1.0 %

NYSE GS opened at $586.16 on Wednesday. The company has a fifty day moving average of $611.53 and a 200 day moving average of $570.61. The company has a market capitalization of $182.90 billion, a PE ratio of 14.46, a P/E/G ratio of 0.89 and a beta of 1.37. 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 Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19.

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

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Activity

In other news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $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 19,925 shares of company stock worth $12,630,683 in the last ninety days. Company insiders own 0.54% of the company’s stock.

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.