AlTi Global Inc. Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

AlTi Global Inc. lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,397 shares of the investment management company's stock after selling 1,981 shares during the quarter. AlTi Global Inc.'s holdings in The Goldman Sachs Group were worth $7,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 15.2% during the third quarter. World Investment Advisors LLC now owns 4,185 shares of the investment management company's stock valued at $2,072,000 after acquiring an additional 552 shares in the last quarter. Tidal Investments LLC raised its holdings in The Goldman Sachs Group by 6.3% in the third quarter. Tidal Investments LLC now owns 11,691 shares of the investment management company's stock worth $5,788,000 after buying an additional 688 shares during the last quarter. Franklin Resources Inc. raised its holdings in The Goldman Sachs Group by 3.9% in the third quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company's stock worth $898,428,000 after buying an additional 62,246 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of The Goldman Sachs Group by 2.1% in the third quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company's stock worth $180,357,000 after buying an additional 7,644 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of The Goldman Sachs Group by 104.0% during the fourth quarter. Versant Capital Management Inc now owns 561 shares of the investment management company's stock valued at $321,000 after buying an additional 286 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research reports. Evercore ISI reduced their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. UBS Group upped their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a report on Friday, April 4th. Finally, Citigroup dropped their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded down $6.69 during mid-day trading on Monday, hitting $559.41. 2,196,793 shares of the stock were exchanged, compared to its average volume of 2,372,313. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The company has a market cap of $174.56 billion, a P/E ratio of 13.80, 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 stock's fifty day simple moving average is $539.53 and its two-hundred day simple moving average is $575.66.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the previous year, the firm earned $11.58 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is 27.85%.

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.