Man Group plc reduced its stake in Goldman Sachs Group Inc (NYSE:GS) by 23.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,545 shares of the investment management company’s stock after selling 50,868 shares during the period. Man Group plc’s holdings in Goldman Sachs Group were worth $38,294,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Chicago Partners Investment Group LLC increased its stake in shares of Goldman Sachs Group by 3.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,194 shares of the investment management company’s stock valued at $298,000 after buying an additional 45 shares during the period. Quadrant Private Wealth Management LLC raised its holdings in shares of Goldman Sachs Group by 1.8% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 2,732 shares of the investment management company’s stock valued at $628,000 after acquiring an additional 48 shares in the last quarter. Addison Capital Co lifted its stake in Goldman Sachs Group by 0.3% in the fourth quarter. Addison Capital Co now owns 16,860 shares of the investment management company’s stock worth $3,877,000 after acquiring an additional 49 shares during the period. Nachman Norwood & Parrott Inc lifted its stake in Goldman Sachs Group by 4.8% in the fourth quarter. Nachman Norwood & Parrott Inc now owns 1,088 shares of the investment management company’s stock worth $250,000 after acquiring an additional 50 shares during the period. Finally, Financial Architects Inc boosted its holdings in Goldman Sachs Group by 11.7% in the fourth quarter. Financial Architects Inc now owns 478 shares of the investment management company’s stock valued at $110,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 70.27% of the company’s stock.

NYSE:GS opened at $155.13 on Thursday. The firm has a market capitalization of $52.82 billion, a P/E ratio of 7.39, a PEG ratio of 0.42 and a beta of 1.35. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.77 and a quick ratio of 0.77. Goldman Sachs Group Inc has a one year low of $130.85 and a one year high of $250.46. The company’s 50-day simple moving average is $202.38 and its 200 day simple moving average is $217.16.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $4.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.20 by ($0.51). Goldman Sachs Group had a net margin of 15.70% and a return on equity of 10.63%. The business had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $8.56 billion. During the same period in the prior year, the business posted $6.04 EPS. Goldman Sachs Group’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities research analysts expect that Goldman Sachs Group Inc will post 23.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.00 annualized dividend and a dividend yield of 3.22%. Goldman Sachs Group’s payout ratio is currently 23.78%.

Several research analysts have commented on the stock. Royal Bank of Canada set a $220.00 price objective on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a report on Wednesday, January 8th. DA Davidson lifted their target price on shares of Goldman Sachs Group from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, January 31st. JMP Securities upgraded shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and set a $290.00 price target on the stock in a research report on Monday, January 13th. Credit Suisse Group increased their price target on shares of Goldman Sachs Group from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets decreased their price target on shares of Goldman Sachs Group from $278.00 to $264.00 and set a “market perform” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $244.42.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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