Pzena Investment Management LLC Trims Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Pzena Investment Management LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 472,849 shares of the investment management company's stock after selling 2,081 shares during the quarter. Pzena Investment Management LLC owned about 0.14% of The Goldman Sachs Group worth $182,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of The Goldman Sachs Group by 13.7% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company's stock valued at $64,291,000 after purchasing an additional 20,018 shares in the last quarter. HTLF Bank bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $850,000. Apexium Financial LP lifted its position in shares of The Goldman Sachs Group by 7.1% during the 4th quarter. Apexium Financial LP now owns 5,672 shares of the investment management company's stock valued at $2,188,000 after acquiring an additional 378 shares during the last quarter. Wealth Alliance boosted its stake in shares of The Goldman Sachs Group by 17.3% during the 4th quarter. Wealth Alliance now owns 1,035 shares of the investment management company's stock worth $399,000 after acquiring an additional 153 shares in the last quarter. Finally, Trueblood Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $989,000. Institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 16th. HSBC raised their price objective 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. Citigroup increased their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Morgan Stanley raised shares of The Goldman Sachs Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada upped their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $440.57.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company's stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was 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 owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,330 shares of company stock valued at $11,713,578. Corporate insiders own 0.57% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded down $7.84 during mid-day trading on Wednesday, reaching $462.57. The stock had a trading volume of 2,728,779 shares, compared to its average volume of 2,352,357. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48. The firm has a market cap of $149.16 billion, a PE ratio of 18.06, a P/E/G ratio of 1.44 and a beta of 1.40. The firm's 50 day simple moving average is $422.29 and its 200 day simple moving average is $388.77. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts' consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analysts' expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.79 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.38%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 42.95%.

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.