First Citizens Financial Corp Has $1.24 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

First Citizens Financial Corp reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,163 shares of the investment management company’s stock after selling 60 shares during the period. First Citizens Financial Corp’s holdings in The Goldman Sachs Group were worth $1,239,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Procyon Advisors LLC lifted its holdings in The Goldman Sachs Group by 5.5% in the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after buying an additional 43 shares during the period. Brookstone Capital Management lifted its stake in shares of The Goldman Sachs Group by 19.9% in the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after purchasing an additional 761 shares during the period. Granite Bay Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the 2nd quarter worth $5,529,000. Fisher Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after purchasing an additional 161,133 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in The Goldman Sachs Group by 2.1% in the third quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company’s stock valued at $180,357,000 after purchasing an additional 7,644 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,940 shares of company stock worth $13,717,979 over the last quarter. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS traded up $0.26 on Friday, hitting $575.23. The company’s stock had a trading volume of 528,684 shares, compared to its average volume of 1,333,261. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $612.73. The firm has a market capitalization of $180.57 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The stock has a fifty day moving average of $576.91 and a two-hundred day moving average of $519.89. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The firm had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.47 earnings per share. Research analysts predict that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 2nd were given a dividend of $3.00 per share. The ex-dividend date was Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.09%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JMP Securities boosted their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Morgan Stanley raised their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Barclays lifted their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America upped their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Oppenheimer reduced their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $558.38.

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.