Alan B Lancz & Associates Inc. Sells 150 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Alan B Lancz & Associates Inc. reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,450 shares of the investment management company’s stock after selling 150 shares during the period. The Goldman Sachs Group makes up 1.4% of Alan B Lancz & Associates Inc.’s holdings, making the stock its 13th biggest holding. Alan B Lancz & Associates Inc.’s holdings in The Goldman Sachs Group were worth $1,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $1,040,000. Kathmere Capital Management LLC raised its position in The Goldman Sachs Group by 6.2% in the second quarter. Kathmere Capital Management LLC now owns 1,174 shares of the investment management company’s stock valued at $531,000 after purchasing an additional 69 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 9.6% during the second quarter. SkyView Investment Advisors LLC now owns 3,267 shares of the investment management company’s stock valued at $1,478,000 after purchasing an additional 287 shares in the last quarter. Ascent Group LLC grew its holdings in shares of The Goldman Sachs Group by 34.0% during the second quarter. Ascent Group LLC now owns 1,477 shares of the investment management company’s stock worth $668,000 after purchasing an additional 375 shares during the last quarter. Finally, Creative Planning increased its stake in shares of The Goldman Sachs Group by 6.7% in the second quarter. Creative Planning now owns 74,446 shares of the investment management company’s stock valued at $33,674,000 after buying an additional 4,661 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. This represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,017 shares of company stock worth $19,655,538 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GS. Morgan Stanley lifted their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, Bank of America increased their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Stock Down 0.4 %

The Goldman Sachs Group stock opened at $636.80 on Friday. The company has a market capitalization of $199.90 billion, a PE ratio of 15.70, a PEG ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $645.54. The firm’s fifty day moving average is $591.21 and its 200 day moving average 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate 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. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed 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 1.88%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.