Mattson Financial Services LLC Lowers Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Mattson Financial Services LLC lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,488 shares of the investment management company's stock after selling 862 shares during the period. The Goldman Sachs Group accounts for 1.4% of Mattson Financial Services LLC's portfolio, making the stock its 17th largest position. Mattson Financial Services LLC's holdings in The Goldman Sachs Group were worth $4,288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GS. Geode Capital Management LLC lifted its position in The Goldman Sachs Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock valued at $3,761,576,000 after acquiring an additional 161,500 shares in the last quarter. Fisher Asset Management LLC lifted its position in The Goldman Sachs Group by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock valued at $3,524,669,000 after acquiring an additional 112,696 shares in the last quarter. FMR LLC lifted its position in The Goldman Sachs Group by 23.7% in the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after acquiring an additional 687,711 shares in the last quarter. Northern Trust Corp lifted its position in The Goldman Sachs Group by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after buying an additional 428,502 shares in the last quarter. Finally, Invesco Ltd. lifted its position in The Goldman Sachs Group by 8.3% during the 4th quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company's stock worth $1,723,920,000 after buying an additional 229,673 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $5.00 during trading on Friday, reaching $599.86. The company had a trading volume of 2,129,454 shares, compared to its average volume of 2,378,031. The company has a fifty day moving average of $550.69 and a two-hundred day moving average of $582.17. The stock has a market capitalization of $184.06 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The company has a current ratio of 0.67, a quick 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 quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the prior year, the company earned $11.58 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 2.00%. The Goldman Sachs Group's dividend payout ratio is 27.85%.

Analysts Set New Price Targets

Several brokerages have commented on GS. Wells Fargo & Company cut their price target on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Evercore ISI cut their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Royal Bank of Canada cut their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $593.40.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company's stock.

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.