USS Investment Management Ltd Sells 1,963 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

USS Investment Management Ltd lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,803 shares of the investment management company's stock after selling 1,963 shares during the period. USS Investment Management Ltd's holdings in The Goldman Sachs Group were worth $29,106,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group in the 4th quarter worth $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $30,000. Transce3nd LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $34,000. Institutional investors own 71.21% of the company's stock.

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 that occurred on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $611.93 on Tuesday. The firm has a market cap of $187.77 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The firm's fifty day moving average is $542.64 and its 200-day moving average is $580.48. 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 Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the previous year, the business earned $11.58 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued 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

Several brokerages have issued reports on GS. Citigroup cut their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. UBS Group raised their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. JMP Securities lowered their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. 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. Finally, Wells Fargo & Company lowered their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. 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 data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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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