Donald Smith & CO. Inc. Has $10.30 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Donald Smith & CO. Inc. cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 49.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,708 shares of the investment management company's stock after selling 25,802 shares during the quarter. Donald Smith & CO. Inc.'s holdings in The Goldman Sachs Group were worth $10,303,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Congress Wealth Management LLC DE raised its stake in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company's stock worth $211,396,000 after purchasing an additional 650,918 shares in the last quarter. Morgan Stanley raised its stake in shares of The Goldman Sachs Group by 7.8% during the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company's stock worth $1,842,192,000 after purchasing an additional 412,383 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of The Goldman Sachs Group by 17.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company's stock worth $556,295,000 after purchasing an additional 255,690 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $64,070,000. Finally, Raymond James & Associates raised its stake in shares of The Goldman Sachs Group by 41.9% in the 4th quarter. Raymond James & Associates now owns 612,025 shares of the investment management company's stock valued at $236,101,000 after acquiring an additional 180,674 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. Royal Bank of Canada lifted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 16th. HSBC lifted their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Morgan Stanley upgraded The Goldman Sachs Group from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Finally, BMO Capital Markets boosted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a "market perform" rating in a research report 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. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Moderate Buy" and a consensus price target of $434.93.

Insider Buying and Selling

In related news, 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 value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares of the company's stock, valued at $7,190,901.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business's 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 transaction, the treasurer now directly owns 18,408 shares of the company's stock, valued at approximately $7,190,901.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business's stock in a transaction on 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 in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded up $3.30 during mid-day trading on Monday, hitting $430.87. 2,456,550 shares of the company traded hands, compared to its average volume of 2,386,763. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $433.33. The stock has a market cap of $139.83 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The stock has a fifty day moving average price of $400.27 and a 200-day moving average price of $370.90.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The Goldman Sachs Group's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $8.79 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group's payout ratio is 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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