The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Matthew 25 Management Corp

Matthew 25 Management Corp decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.8% in the fourth quarter, HoldingsChannel reports. The firm owned 27,500 shares of the investment management company’s stock after selling 2,000 shares during the period. The Goldman Sachs Group accounts for 5.0% of Matthew 25 Management Corp’s holdings, making the stock its 7th biggest position. Matthew 25 Management Corp’s holdings in The Goldman Sachs Group were worth $15,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Swedbank AB lifted its stake in The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after acquiring an additional 13,730 shares in the last quarter. McAdam LLC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth about $210,000. DT Investment Partners LLC lifted its stake in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in The Goldman Sachs Group by 6.1% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 9,315 shares of the investment management company’s stock worth $4,612,000 after acquiring an additional 534 shares in the last quarter. Finally, Convergence Financial LLC lifted its stake in The Goldman Sachs Group by 120.0% in the 3rd quarter. Convergence Financial LLC now owns 2,121 shares of the investment management company’s stock worth $1,050,000 after acquiring an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. The trade was a 15.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays raised their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Citigroup raised their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $593.56.

The Goldman Sachs Group Stock Performance

GS opened at $625.70 on Friday. The firm has a market capitalization of $195.24 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock’s 50 day moving average price is $611.58 and its two-hundred day moving average price is $558.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

The Goldman Sachs Group Company 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.