Smithfield Trust Co. cut its position in Goldman Sachs Group Inc (NYSE:GS) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,990 shares of the investment management company’s stock after selling 157 shares during the quarter. Smithfield Trust Co.’s holdings in Goldman Sachs Group were worth $332,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Capital International Investors boosted its position in Goldman Sachs Group by 2,110.7% during the third quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock worth $1,094,958,000 after purchasing an additional 4,662,095 shares during the period. Prudential Financial Inc. boosted its position in Goldman Sachs Group by 83.4% during the third quarter. Prudential Financial Inc. now owns 1,025,962 shares of the investment management company’s stock worth $230,062,000 after purchasing an additional 466,410 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in Goldman Sachs Group during the third quarter worth $82,012,000. Rehmann Capital Advisory Group boosted its position in Goldman Sachs Group by 14,386.7% during the third quarter. Rehmann Capital Advisory Group now owns 363,472 shares of the investment management company’s stock worth $3,330,391,000 after purchasing an additional 360,963 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Goldman Sachs Group by 3.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,736,573 shares of the investment management company’s stock worth $2,631,807,000 after purchasing an additional 360,264 shares during the period. 74.86% of the stock is owned by institutional investors and hedge funds.

In related news, VP Gregory K. Palm sold 16,451 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $158.41, for a total value of $2,606,002.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.71% of the stock is owned by insiders.

GS stock opened at $191.67 on Monday. The stock has a market capitalization of $71.30 billion, a P/E ratio of 7.58, a P/E/G ratio of 1.11 and a beta of 1.22. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $275.31. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.91 and a quick ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, beating the Zacks’ consensus estimate of $5.15 by $0.89. The business had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.48 billion. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. Goldman Sachs Group’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.68 earnings per share. On average, sell-side analysts predict that Goldman Sachs Group Inc will post 23.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 28th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, February 27th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 12.66%.

A number of equities research analysts have recently weighed in on GS shares. Bank of America dropped their target price on Goldman Sachs Group to $280.00 in a report on Sunday, December 2nd. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $206.00 target price for the company in a report on Friday, December 7th. JPMorgan Chase & Co. reissued a “buy” rating and set a $285.00 target price on shares of Goldman Sachs Group in a report on Tuesday, October 16th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $250.00 target price (up previously from $235.00) on shares of Goldman Sachs Group in a report on Wednesday, January 16th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $254.88.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

Read More: Net Margin

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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