The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Twin Lakes Capital Management LLC

Twin Lakes Capital Management LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,053 shares of the investment management company’s stock after selling 367 shares during the period. The Goldman Sachs Group comprises approximately 18.8% of Twin Lakes Capital Management LLC’s investment portfolio, making the stock its biggest position. Twin Lakes Capital Management LLC’s holdings in The Goldman Sachs Group were worth $35,533,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $944,334,000. Raymond James Financial Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $624,844,000. Proficio Capital Partners LLC increased its holdings in The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after purchasing an additional 1,052,204 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in The Goldman Sachs Group by 214.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company’s stock valued at $741,018,000 after purchasing an additional 882,099 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $598.99 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The stock has a market cap of $183.80 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50-day simple moving average is $547.17 and its 200 day simple moving average is $581.84.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter last year, the firm earned $11.58 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.00%. The Goldman Sachs Group’s payout ratio is 27.85%.

Analysts Set New Price Targets

GS has been the subject of a number of recent research reports. JMP Securities decreased their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Wells Fargo & Company decreased their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Daiwa Capital Markets downgraded The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $593.40.

About The Goldman Sachs Group

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.