Means Investment CO. Inc. Sells 545 Shares of The Goldman Sachs Group, Inc. $GS

Means Investment CO. Inc. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,444 shares of the investment management company’s stock after selling 545 shares during the quarter. Means Investment CO. Inc.’s holdings in The Goldman Sachs Group were worth $3,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $28,000. Corundum Trust Company INC purchased a new position in shares of The Goldman Sachs Group in the third quarter valued at $29,000. Elevation Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after buying an additional 20 shares during the period. Finally, Clearstead Trust LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $31,000. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GS. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research report on Friday, January 16th. BNP Paribas Exane lifted their price objective on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Barclays upped their price target on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Royal Bank Of Canada increased their price objective on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $916.86.

Check Out Our Latest Stock Analysis on GS

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,863 shares of The Goldman Sachs Group stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $923.75, for a total value of $4,492,196.25. Following the transaction, the chief accounting officer directly owned 10,301 shares of the company’s stock, valued at approximately $9,515,548.75. The trade was a 32.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 2,846 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total value of $2,638,725.82. Following the transaction, the treasurer directly owned 2,017 shares in the company, valued at $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,513 shares of company stock worth $83,718,401 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Stock Performance

NYSE GS opened at $944.49 on Tuesday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The firm has a market cap of $283.28 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The business has a 50-day moving average price of $911.93 and a 200-day moving average price of $819.03.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same period in the previous year, the firm posted $11.95 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 1.9%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is 31.20%.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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