Knuff & Co LLC Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Knuff & Co LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,581 shares of the investment management company’s stock after selling 79 shares during the quarter. Knuff & Co LLC’s holdings in The Goldman Sachs Group were worth $996,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of GS. Cambridge Trust Co. boosted its stake in shares of The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after buying an additional 41 shares in the last quarter. Truvestments Capital LLC increased its holdings in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. BKM Wealth Management LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $42,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on GS. Evercore ISI increased their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their target price 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. BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Finally, Oppenheimer lifted their target price on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $437.04.

Insiders Place Their Bets

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction 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 business’s stock in a transaction dated 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 completion of 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. Insiders have sold 29,330 shares of company stock worth $11,713,578 in the last quarter. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 1.3 %

Shares of NYSE:GS traded up $5.61 during midday trading on Friday, hitting $438.18. 2,406,445 shares of the company’s stock traded hands, compared to its average volume of 2,599,859. 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 company has a market cap of $142.20 billion, a PE ratio of 17.11, a P/E/G ratio of 1.38 and a beta of 1.40. The firm’s fifty day moving average price is $404.59 and its two-hundred day moving average price is $374.23. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $442.30.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.79 EPS. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.51%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

The Goldman Sachs Group 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.