Nuveen Asset Management LLC Sells 153,774 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Nuveen Asset Management LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,643,962 shares of the investment management company's stock after selling 153,774 shares during the period. Nuveen Asset Management LLC owned 0.53% of The Goldman Sachs Group worth $941,366,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. raised its position in The Goldman Sachs Group by 10.9% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after purchasing an additional 16 shares during the last quarter. Ledyard National Bank raised its position in The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock worth $278,000 after purchasing an additional 16 shares during the last quarter. Seelaus Asset Management LLC raised its position in The Goldman Sachs Group by 2.5% during the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock worth $378,000 after purchasing an additional 16 shares during the last quarter. Pointe Capital Management LLC grew its holdings in The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after acquiring an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC grew its holdings in The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after acquiring an additional 17 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction 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 represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GS shares. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Evercore ISI reduced their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Citigroup reduced their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Finally, UBS Group raised their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $3.01 during mid-day trading on Friday, hitting $618.91. 2,018,441 shares of the stock were exchanged, compared to its average volume of 2,385,125. 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 50-day simple moving average of $539.36 and a 200 day simple moving average of $578.37. 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 company has a market capitalization of $189.91 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.89 and a beta of 1.32.

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 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 analysts' expectations 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 firm posted $11.58 EPS. Sell-side analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.94%. The Goldman Sachs Group's dividend payout ratio is 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.