Tounjian Advisory Partners LLC Sells 1,676 Shares of The Goldman Sachs Group, Inc. $GS

Tounjian Advisory Partners LLC reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 23.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,532 shares of the investment management company’s stock after selling 1,676 shares during the period. The Goldman Sachs Group comprises 1.5% of Tounjian Advisory Partners LLC’s portfolio, making the stock its 13th largest holding. Tounjian Advisory Partners LLC’s holdings in The Goldman Sachs Group were worth $4,406,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares during the period. Revolve Wealth Partners LLC grew its position in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of The Goldman Sachs Group by 90.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after buying an additional 735 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of The Goldman Sachs Group by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after buying an additional 70 shares during the period. Finally, AlphaQuest LLC raised its holdings in The Goldman Sachs Group by 867.5% in the second quarter. AlphaQuest LLC now owns 387 shares of the investment management company’s stock valued at $274,000 after acquiring an additional 347 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 9,589 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the sale, the insider directly owned 18,533 shares of the company’s stock, valued at $17,189,542.83. The trade was a 34.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the sale, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at $27,627,546.94. This represents a 28.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Down 7.7%

NYSE:GS opened at $857.90 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The company has a market cap of $254.58 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.14 and a beta of 1.34. The stock’s fifty day moving average price is $924.23 and its two-hundred day moving average price is $836.28. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $11.95 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a $4.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.1%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is presently 31.20%.

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

Wall Street Analyst Weigh In

Several research analysts have weighed in on GS shares. UBS Group restated a “neutral” rating and set a $990.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, February 4th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a research note on Friday, January 16th. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a report on Friday, January 16th. Finally, Barclays increased their price target on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $916.86.

Get Our Latest Analysis on The Goldman Sachs Group

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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