AlTi Global Inc. Reduces Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

AlTi Global Inc. reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,397 shares of the investment management company’s stock after selling 1,981 shares during the quarter. AlTi Global Inc.’s holdings in The Goldman Sachs Group were worth $7,129,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Asset Management One Co. Ltd. increased its position in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock valued at $129,144,000 after acquiring an additional 5,541 shares during the period. Baxter Bros Inc. increased its holdings in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company’s stock valued at $8,879,000 after purchasing an additional 151 shares during the period. Erste Asset Management GmbH raised its stake in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after purchasing an additional 320 shares during the last quarter. Franklin Street Advisors Inc. NC lifted its holdings in shares of The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after purchasing an additional 2,863 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $356,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 2.3 %

GS opened at $566.78 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $434.92 and a twelve month high of $672.19. The company has a 50-day moving average price of $540.70 and a 200 day moving average price of $574.80. 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 company has a market cap of $176.86 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

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

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.12%. The Goldman Sachs Group’s payout ratio is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on GS shares. JMP Securities decreased their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Barclays cut their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $593.40.

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.