Yousif Capital Management LLC Decreases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Yousif Capital Management LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,188 shares of the investment management company's stock after selling 2,309 shares during the quarter. Yousif Capital Management LLC's holdings in The Goldman Sachs Group were worth $18,975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its position in The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company's stock worth $64,291,000 after buying an additional 20,018 shares during the last quarter. HTLF Bank purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $850,000. Wealth Alliance boosted its holdings in shares of The Goldman Sachs Group by 17.3% in the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company's stock worth $399,000 after acquiring an additional 153 shares during the period. Trueblood Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $989,000. Finally, TBH Global Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 2.0% in the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company's stock worth $1,190,000 after acquiring an additional 72 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of a number of analyst reports. Oppenheimer raised their price target on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an "outperform" rating in a report on Tuesday, April 16th. HSBC raised their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Citigroup raised their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. UBS Group lifted their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a "buy" rating in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an "overweight" rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $434.93.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company's stock, valued at approximately $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on 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 sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

The Goldman Sachs Group Trading Up 1.5 %

Shares of GS traded up $6.37 during trading hours on Tuesday, hitting $423.72. The company had a trading volume of 2,661,822 shares, compared to its average volume of 2,402,420. The firm has a market cap of $137.51 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.30 and a beta of 1.43. The stock's 50 day moving average price is $397.82 and its 200 day moving average price is $368.58. 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, Inc. has a 52-week low of $289.36 and a 52-week high of $425.35.

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

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.60%. The Goldman Sachs Group's dividend payout ratio is currently 42.95%.

About The Goldman Sachs Group

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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