Olstein Capital Management L.P. Sells 1,700 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Olstein Capital Management L.P. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,500 shares of the investment management company’s stock after selling 1,700 shares during the quarter. Olstein Capital Management L.P.’s holdings in The Goldman Sachs Group were worth $4,295,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Mizuho Securities USA LLC raised its position in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares during the period. FMR LLC grew its holdings in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after acquiring an additional 521,054 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of The Goldman Sachs Group by 154.7% in the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after acquiring an additional 251,972 shares during the period. Congress Asset Management Co. lifted its position in shares of The Goldman Sachs Group by 829.0% during the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after buying an additional 232,297 shares during the last quarter. Finally, Rheos Capital Works Inc. grew its stake in The Goldman Sachs Group by 265.4% during the 3rd quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock worth $123,035,000 after buying an additional 180,500 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $636.80 on Friday. 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 1-year low of $374.24 and a 1-year high of $645.54. The stock’s fifty day simple moving average is $591.21 and its 200-day simple moving average is $535.67. The company has a market capitalization of $199.90 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate 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 company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Bank of America boosted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction 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. The trade was a 15.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,017 shares of company stock valued at $19,655,538. 0.54% of the stock is owned by corporate 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.