Kovitz Investment Group Partners LLC Has $11.41 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Kovitz Investment Group Partners LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 49.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,930 shares of the investment management company's stock after selling 19,629 shares during the period. Kovitz Investment Group Partners LLC's holdings in The Goldman Sachs Group were worth $11,413,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GS. Asset Management One Co. Ltd. boosted its stake in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock worth $129,144,000 after purchasing an additional 5,541 shares during the last quarter. Baxter Bros Inc. lifted its stake in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after purchasing an additional 151 shares during the period. Erste Asset Management GmbH grew its position in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after purchasing an additional 320 shares during the period. Franklin Street Advisors Inc. NC increased its stake in The Goldman Sachs Group by 8.1% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock valued at $21,934,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $356,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GS. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a report on Monday, April 7th. Wells Fargo & Company cut their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Citigroup cut their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. JMP Securities reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Price Performance

NYSE:GS traded down $5.96 during mid-day trading on Wednesday, reaching $542.96. 791,423 shares of the stock were exchanged, compared to its average volume of 2,360,325. 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 business has a fifty day moving average price of $544.64 and a 200 day moving average price of $574.46. The Goldman Sachs Group, Inc. has a 1-year low of $425.19 and a 1-year high of $672.19. The firm has a market capitalization of $169.43 billion, a PE ratio of 13.39, a PEG ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for 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 quarter in the prior year, the company earned $11.58 earnings per share. Research analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

The Goldman Sachs Group 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.