New Millennium Group LLC Lowers Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

New Millennium Group LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 25.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 144 shares of the investment management company’s stock after selling 48 shares during the period. New Millennium Group LLC’s holdings in The Goldman Sachs Group were worth $56,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Albert D Mason Inc. grew its stake in The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after acquiring an additional 27 shares in the last quarter. Samalin Investment Counsel LLC lifted its holdings in shares of The Goldman Sachs Group by 3.5% in the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after buying an additional 30 shares during the period. Hamilton Capital LLC raised its holdings in shares of The Goldman Sachs Group by 4.3% in the third quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 30 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in The Goldman Sachs Group by 20.4% during the 4th quarter. Financial Management Professionals Inc. now owns 177 shares of the investment management company’s stock worth $68,000 after acquiring an additional 30 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 8.6% in the 4th quarter. Atticus Wealth Management LLC now owns 380 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 30 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GS has been the subject of several recent analyst reports. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. JMP Securities reissued a “market outperform” rating and issued a $440.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, January 17th. UBS Group raised their price target on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Finally, Barclays increased their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $406.87.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $406.43 on Wednesday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The company’s fifty day moving average price is $387.31 and its 200 day moving average price is $356.56. The stock has a market capitalization of $131.90 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.58 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $416.76.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the business earned $3.32 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 32.6 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be issued a $2.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 annualized dividend and a yield of 2.71%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 48.20%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock valued at $15,080,021 over the last 90 days. 0.54% of the stock is owned by insiders.

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.