Clearbridge Investments LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 279,883 shares of the investment management company's stock after selling 10,656 shares during the quarter. Clearbridge Investments LLC owned about 0.09% of The Goldman Sachs Group worth $160,266,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. boosted its stake in The Goldman Sachs Group by 10.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock valued at $93,000 after buying an additional 16 shares during the period. Ledyard National Bank boosted its position in The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock valued at $278,000 after buying an additional 16 shares during the period. Seelaus Asset Management LLC increased its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after acquiring an additional 16 shares during the period. Pointe Capital Management LLC boosted its holdings in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after purchasing an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC grew its stake in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 71.21% of the company's stock.
The Goldman Sachs Group Price Performance
Shares of GS traded down $42.09 during mid-day trading on Thursday, hitting $521.01. 2,839,296 shares of the stock were exchanged, compared to its average volume of 2,285,185. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19. 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 firm has a 50-day moving average of $603.45 and a two-hundred day moving average of $573.30. The company has a market cap of $162.58 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business's revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.48 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.30%. The Goldman Sachs Group's payout ratio is currently 29.59%.
Insiders Place Their Bets
In other The Goldman Sachs Group news, Director Kevin R. Johnson acquired 2,400 shares of the company's stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. 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 this link. Also, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction 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 owns 8,192 shares of the company's stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Citigroup reduced their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $591.13.
Read Our Latest Stock Analysis on GS
The Goldman Sachs Group Company Profile
(
Free Report)
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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