Regatta Capital Group LLC Lowers Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Regatta Capital Group LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,112 shares of the investment management company’s stock after selling 59 shares during the quarter. Regatta Capital Group LLC’s holdings in The Goldman Sachs Group were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. West Branch Capital LLC purchased a new stake in The Goldman Sachs Group in the third quarter worth about $30,000. DT Investment Partners LLC raised its holdings in shares of The Goldman Sachs Group by 110.0% in the 3rd 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 purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Country Trust Bank bought a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $37,000. Finally, Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $38,000. 71.21% of the stock is owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 32,017 shares of company stock worth $19,655,538. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $636.80 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $374.24 and a 52 week high of $645.54. The business’s 50 day moving average price is $591.21 and its 200 day moving average price is $535.67. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $199.90 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

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.