Clear Harbor Asset Management LLC Has $772,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Clear Harbor Asset Management LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,348 shares of the investment management company’s stock after selling 240 shares during the period. Clear Harbor Asset Management LLC’s holdings in The Goldman Sachs Group were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group in the 2nd quarter valued at $26,000. West Branch Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at about $30,000. DT Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter worth about $34,000. Finally, Country Trust Bank bought a new position in shares of The Goldman Sachs Group during the third quarter worth about $37,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on GS. Oppenheimer reduced their price target on 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. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Bank of America increased their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insiders Place Their Bets

In related news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock worth $12,656,179 in the last 90 days. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $634.74 on Wednesday. The company’s 50-day moving average is $587.71 and its 200-day moving average is $531.85. 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 firm has a market capitalization of $199.25 billion, a PE ratio of 15.65, a PEG ratio of 0.90 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $374.24 and a fifty-two week high of $635.43.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the business posted $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

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.