XML Financial LLC Sells 94 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

by · The Markets Daily

XML Financial LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,939 shares of the investment management company’s stock after selling 94 shares during the quarter. XML Financial LLC’s holdings in The Goldman Sachs Group were worth $2,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in The Goldman Sachs Group by 2.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 114,132 shares of the investment management company’s stock worth $65,354,000 after acquiring an additional 2,859 shares during the last quarter. Genesis Private Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $208,000. Simon Quick Advisors LLC boosted its position in The Goldman Sachs Group by 12.9% during the 4th quarter. Simon Quick Advisors LLC now owns 2,633 shares of the investment management company’s stock valued at $1,508,000 after acquiring an additional 301 shares in the last quarter. Beaumont Financial Advisors LLC grew its stake in The Goldman Sachs Group by 29.7% in the fourth quarter. Beaumont Financial Advisors LLC now owns 973 shares of the investment management company’s stock worth $557,000 after purchasing an additional 223 shares during the period. Finally, Perfromance Wealth Partners LLC increased its stake in shares of The Goldman Sachs Group by 2.1% in the 4th quarter. Perfromance Wealth Partners LLC now owns 122,039 shares of the investment management company’s stock worth $69,882,000 after acquiring an additional 2,539 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the transaction, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock worth $12,656,179 over the last three months. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Up 1.4 %

NYSE:GS opened at $634.74 on Wednesday. The stock’s fifty day moving average is $587.71 and its two-hundred day moving average is $531.85. The Goldman Sachs Group, Inc. has a 52 week low of $374.24 and a 52 week high of $635.43. The stock has a market capitalization of $199.25 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. 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 Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its earnings results 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm earned $5.48 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.38 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm 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 dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analyst Weigh In

Several research firms have commented on GS. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Evercore ISI raised their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Citigroup lifted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Finally, Oppenheimer dropped their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $591.06.

Get Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Profile

(Free Report)

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.

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