Douglass Winthrop Advisors LLC Sells 697 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Douglass Winthrop Advisors LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,578 shares of the investment management company’s stock after selling 697 shares during the period. Douglass Winthrop Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,621,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GS. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $37,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $562.49 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 stock has a market cap of $175.52 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock’s 50-day moving average price is $610.80 and its two-hundred day moving average price is $567.71. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19.

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 for the quarter, topping the consensus estimate of $8.21 by $3.74. The business 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 Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.48 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GS. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $594.27.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the sale, the treasurer now directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.