Atalanta Sosnoff Capital LLC Reduces Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Atalanta Sosnoff Capital LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,483 shares of the investment management company's stock after selling 4,879 shares during the period. The Goldman Sachs Group makes up approximately 3.0% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 9th largest holding. Atalanta Sosnoff Capital LLC owned approximately 0.08% of The Goldman Sachs Group worth $138,278,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GS. World Investment Advisors LLC raised its stake in shares of The Goldman Sachs Group by 15.2% in the third quarter. World Investment Advisors LLC now owns 4,185 shares of the investment management company's stock valued at $2,072,000 after acquiring an additional 552 shares during the last quarter. Tidal Investments LLC boosted its position in The Goldman Sachs Group by 6.3% in the 3rd quarter. Tidal Investments LLC now owns 11,691 shares of the investment management company's stock valued at $5,788,000 after buying an additional 688 shares during the last quarter. Franklin Resources Inc. raised its holdings in The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company's stock worth $898,428,000 after purchasing an additional 62,246 shares during the last quarter. Principal Financial Group Inc. boosted its stake in The Goldman Sachs Group by 2.1% in the third quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company's stock valued at $180,357,000 after acquiring an additional 7,644 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of The Goldman Sachs Group by 104.0% during the fourth quarter. Versant Capital Management Inc now owns 561 shares of the investment management company's stock worth $321,000 after purchasing an additional 286 shares during the period. Institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 1.8 %

Shares of GS traded down $10.08 during mid-day trading on Tuesday, reaching $549.48. 2,899,985 shares of the company were exchanged, compared to its average volume of 2,376,262. The business has a 50 day simple moving average of $539.53 and a two-hundred day simple moving average of $575.66. 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 stock has a market capitalization of $171.46 billion, a PE ratio of 13.55, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the company earned $11.58 EPS. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is 27.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research note on Friday, April 4th. JMP Securities lowered their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $593.40.

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.