Forte Capital LLC ADV Sells 70 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Forte Capital LLC ADV trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 872 shares of the investment management company’s stock after selling 70 shares during the quarter. Forte Capital LLC ADV’s holdings in The Goldman Sachs Group were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. DT Investment Partners LLC lifted its stake in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $38,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. Oppenheimer dropped their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays upped their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley upped their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods upped their price target 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $593.56.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $625.70 on Friday. The company has a market cap of $195.24 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The business has a 50 day moving average price of $611.58 and a 200-day moving average price of $557.71. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.48 earnings per share. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.