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

Ulysses Management LLC lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500 shares of the investment management company's stock after selling 3,500 shares during the period. Ulysses Management LLC's holdings in The Goldman Sachs Group were worth $1,432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Waverly Advisors LLC grew its holdings in The Goldman Sachs Group by 70.3% during the 4th quarter. Waverly Advisors LLC now owns 12,566 shares of the investment management company's stock valued at $7,196,000 after buying an additional 5,188 shares during the last quarter. Wallace Capital Management Inc. grew its holdings in The Goldman Sachs Group by 13.5% during the 4th quarter. Wallace Capital Management Inc. now owns 461 shares of the investment management company's stock valued at $264,000 after buying an additional 55 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its holdings in shares of The Goldman Sachs Group by 3.7% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 57,560 shares of the investment management company's stock worth $32,960,000 after purchasing an additional 2,067 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $10,795,000. Finally, Zurich Insurance Group Ltd FI boosted its holdings in shares of The Goldman Sachs Group by 41.9% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 125,387 shares of the investment management company's stock worth $71,799,000 after purchasing an additional 37,052 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity

In other news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value 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. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $611.93 on Tuesday. 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 stock has a 50 day simple moving average of $542.64 and a 200-day simple moving average of $580.48. The company has a market cap of $187.77 billion, a PE ratio of 15.09, a P/E/G 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $11.58 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.96%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Finally, Evercore ISI reduced their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Company Profile

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.

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