Livforsakringsbolaget Skandia Omsesidigt Sells 100 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Livforsakringsbolaget Skandia Omsesidigt lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,856 shares of the investment management company’s stock after selling 100 shares during the period. The Goldman Sachs Group accounts for approximately 1.0% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 17th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Goldman Sachs Group were worth $18,814,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GS. Jackson Grant Investment Advisers Inc. grew its stake in shares of The Goldman Sachs Group by 10.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock valued at $93,000 after buying an additional 16 shares during the last quarter. Ledyard National Bank boosted its position in The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after acquiring an additional 16 shares in the last quarter. Genesee Capital Advisors LLC boosted its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after acquiring an additional 17 shares in the last quarter. Horst & Graben Wealth Management LLC boosted its position in The Goldman Sachs Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock valued at $675,000 after acquiring an additional 17 shares in the last quarter. Finally, Waddell & Associates LLC boosted its position in The Goldman Sachs Group by 2.1% during the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Oppenheimer decreased their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Citigroup boosted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $591.06.

Insiders Place Their Bets

In other news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 6,550 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 in the last three months. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $657.47 on Friday. 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 Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $658.85. The firm has a market capitalization of $204.11 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company’s 50-day moving average is $598.03 and its 200 day moving average is $544.50.

The Goldman Sachs Group (NYSE:GS) last posted 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the company posted $5.48 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.83%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

The Goldman Sachs Group Company 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.