Cornerstone Investment Partners LLC Decreases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Cornerstone Investment Partners LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,740 shares of the investment management company’s stock after selling 190 shares during the period. Cornerstone Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. HTLF Bank purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $850,000. Federated Hermes Inc. raised its holdings in The Goldman Sachs Group by 8.9% during the 4th quarter. Federated Hermes Inc. now owns 115,927 shares of the investment management company’s stock valued at $44,721,000 after buying an additional 9,507 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in The Goldman Sachs Group by 1.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 25,795 shares of the investment management company’s stock valued at $9,948,000 after buying an additional 257 shares during the period. Telos Capital Management Inc. raised its holdings in The Goldman Sachs Group by 752.7% during the 4th quarter. Telos Capital Management Inc. now owns 16,064 shares of the investment management company’s stock valued at $6,197,000 after buying an additional 14,180 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in The Goldman Sachs Group by 13.7% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after buying an additional 20,018 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.2 %

NYSE GS traded up $0.75 during trading on Friday, hitting $403.86. The company’s stock had a trading volume of 1,104,857 shares, compared to its average volume of 2,352,538. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The company has a market cap of $131.06 billion, a PE ratio of 15.85, a P/E/G ratio of 1.31 and a beta of 1.43. The business’s 50 day simple moving average is $396.03 and its 200-day simple moving average is $365.61. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $8.79 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 35.15 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 Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday. Evercore ISI increased their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America increased their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday. Edward Jones initiated coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Finally, BMO Capital Markets increased their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $434.93.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The disclosure for this sale can be found here. Insiders sold a total of 35,907 shares of company stock worth $13,950,851 over the last three months. 0.54% of the stock is currently owned by insiders.

About The Goldman Sachs Group

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.