Lifestyle Asset Management Inc. Sells 17 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Lifestyle Asset Management Inc. decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 433 shares of the investment management company’s stock after selling 17 shares during the period. Lifestyle Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $248,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Waddell & Associates LLC lifted its holdings in The Goldman Sachs Group by 2.1% during the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 18 shares during the last quarter. Wescott Financial Advisory Group LLC raised its holdings in The Goldman Sachs Group by 0.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after acquiring an additional 18 shares during the period. Bank of New Hampshire lifted its position in The Goldman Sachs Group by 8.0% during the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after acquiring an additional 18 shares during the last quarter. Marino Stram & Associates LLC boosted its holdings in shares of The Goldman Sachs Group by 4.2% during the fourth quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company’s stock worth $257,000 after acquiring an additional 18 shares during the period. Finally, First Pacific Financial grew its position in shares of The Goldman Sachs Group by 0.6% in the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after purchasing an additional 20 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Stock Up 0.9 %

Shares of NYSE GS opened at $638.68 on Friday. The company has a market cap of $200.49 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.89 and a beta of 1.38. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12 month low of $374.24 and a 12 month high of $645.54. The stock has a 50-day moving average price of $589.34 and a two-hundred day moving average price of $533.75.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the company earned $5.48 EPS. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date 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 is currently 29.59%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,017 shares of company stock worth $19,655,538 in the last 90 days. Insiders own 0.54% of the company’s stock.

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.