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

Syon Capital LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,171 shares of the investment management company’s stock after selling 218 shares during the period. Syon Capital LLC’s holdings in The Goldman Sachs Group were worth $2,961,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in The Goldman Sachs Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company’s stock valued at $3,761,576,000 after buying an additional 161,500 shares during the period. Fisher Asset Management LLC raised its position in shares of The Goldman Sachs Group by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after acquiring an additional 112,696 shares in the last quarter. FMR LLC lifted its stake in shares of The Goldman Sachs Group by 23.7% during the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock worth $2,053,614,000 after purchasing an additional 687,711 shares during the last quarter. Invesco Ltd. lifted its stake in shares of The Goldman Sachs Group by 8.3% during the 4th quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company’s stock worth $1,723,920,000 after purchasing an additional 229,673 shares during the last quarter. Finally, Norges Bank bought a new stake in The Goldman Sachs Group during the fourth quarter valued at about $1,603,315,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $520.18 on Wednesday. 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 12 month low of $414.85 and a 12 month high of $672.19. The stock has a market capitalization of $162.32 billion, a P/E ratio of 12.83, a PEG ratio of 0.89 and a beta of 1.33. The business has a 50 day simple moving average of $556.44 and a two-hundred day simple moving average of $573.08.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the prior year, the business earned $11.58 EPS. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GS. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada decreased their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Daiwa Capital Markets lowered The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $593.40.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

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.