Foundry Partners LLC Cuts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Foundry Partners LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,240 shares of the investment management company's stock after selling 3,720 shares during the period. Foundry Partners LLC's holdings in The Goldman Sachs Group were worth $12,051,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Morgan Stanley raised its stake in The Goldman Sachs Group by 40.0% during the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company's stock worth $2,038,425,000 after purchasing an additional 1,696,350 shares during the period. Bank of New York Mellon Corp increased its position in shares of The Goldman Sachs Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company's stock worth $1,396,236,000 after acquiring an additional 52,016 shares in the last quarter. Northern Trust Corp increased its position in shares of The Goldman Sachs Group by 3.2% in the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company's stock worth $1,080,676,000 after acquiring an additional 104,424 shares in the last quarter. Invesco Ltd. increased its position in shares of The Goldman Sachs Group by 6.1% in the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company's stock worth $903,485,000 after acquiring an additional 159,512 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $759,531,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 0.2 %

Shares of GS traded up $0.89 during midday trading on Friday, hitting $404.00. The company had a trading volume of 2,805,466 shares, compared to its average volume of 2,247,265. The company's 50 day moving average price is $396.43 and its 200 day moving average price is $367.03. The stock has a market cap of $131.11 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.30 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the previous year, the firm earned $8.79 EPS. The company's revenue was up 16.1% on a year-over-year basis. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 42.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an "outperform" rating in a research report on Friday, April 5th. Edward Jones started coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a "buy" rating for the company. Oppenheimer raised their price target on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an "outperform" rating in a report on Tuesday, April 16th. Royal Bank of Canada lifted their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 16th. Finally, JMP Securities lifted their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a "market outperform" rating in a research note on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Moderate Buy" and a consensus target price of $434.93.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company's stock, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the business's stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,463 shares of the company's stock, valued at approximately $4,357,659.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company's stock, valued at $11,602,947.31. The disclosure for this sale can be found here. In the last three months, insiders sold 35,907 shares of company stock valued at $13,950,851. Company insiders own 0.54% of the company's stock.

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.

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