TBH Global Asset Management LLC Decreases Position in The Goldman Sachs Group, Inc. (NYSE:GS)

TBH Global Asset Management LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 20.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,908 shares of the investment management company’s stock after selling 768 shares during the period. TBH Global Asset Management LLC’s holdings in The Goldman Sachs Group were worth $1,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GS. Larson Financial Group LLC boosted its position in The Goldman Sachs Group by 330.1% during the 3rd quarter. Larson Financial Group LLC now owns 529 shares of the investment management company’s stock valued at $171,000 after acquiring an additional 406 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in The Goldman Sachs Group by 2.3% in the 3rd quarter. Corient Private Wealth LLC now owns 151,250 shares of the investment management company’s stock worth $48,941,000 after buying an additional 3,404 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $947,000. Pinnacle Financial Partners Inc lifted its holdings in The Goldman Sachs Group by 2.0% in the third quarter. Pinnacle Financial Partners Inc now owns 4,558 shares of the investment management company’s stock valued at $1,475,000 after acquiring an additional 89 shares during the last quarter. Finally, Achmea Investment Management B.V. raised its position in The Goldman Sachs Group by 5.0% in the third quarter. Achmea Investment Management B.V. now owns 22,576 shares of the investment management company’s stock valued at $7,305,000 after purchasing an additional 1,068 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. HSBC increased their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company increased 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, May 7th. Finally, Bank of America increased their target price 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. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $440.57.

Get Our Latest Report on GS

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $3.03 on Friday, hitting $461.18. The company had a trading volume of 1,892,492 shares, compared to its average volume of 2,339,171. The business has a 50-day simple moving average of $423.67 and a 200-day simple moving average of $389.26. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $148.71 billion, a PE ratio of 18.05, a PEG ratio of 0.94 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 $471.48.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating 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 8.86%. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the firm posted $8.79 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

About The Goldman Sachs Group

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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