Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,753 shares of the investment management company's stock after selling 37,775 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in The Goldman Sachs Group were worth $34,788,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of GS. Aviva PLC lifted its stake in shares of The Goldman Sachs Group by 15.6% during the fourth quarter. Aviva PLC now owns 190,128 shares of the investment management company's stock valued at $108,871,000 after buying an additional 25,714 shares during the period. Oarsman Capital Inc. lifted its stake in shares of The Goldman Sachs Group by 1.9% during the 4th quarter. Oarsman Capital Inc. now owns 5,317 shares of the investment management company's stock worth $3,045,000 after purchasing an additional 97 shares during the period. KCM Investment Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. KCM Investment Advisors LLC now owns 6,569 shares of the investment management company's stock worth $3,762,000 after purchasing an additional 163 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $52,574,000. Finally, Leeward Financial Partners LLC boosted its stake in The Goldman Sachs Group by 9.0% in the 4th quarter. Leeward Financial Partners LLC now owns 9,254 shares of the investment management company's stock worth $5,299,000 after buying an additional 766 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.
The Goldman Sachs Group Stock Performance
NYSE GS traded down $5.34 on Wednesday, hitting $456.88. The stock had a trading volume of 1,506,698 shares, compared to its average volume of 2,350,319. The company's 50-day moving average is $587.13 and its two-hundred day moving average is $572.67. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19. The stock has a market cap of $142.56 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.89 and a beta of 1.33. 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 (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate 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 return on equity of 13.30% and a net margin of 11.32%. The firm's quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.48 earnings per share. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.63%. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Evercore ISI lowered their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. JMP Securities reduced their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and a consensus target price of $586.00.
Get Our Latest Report on The Goldman Sachs Group
Insider Transactions at The Goldman Sachs Group
In other news, CAO Sheara J. Fredman sold 2,034 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company's stock, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company's stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 in the last quarter. Insiders own 0.55% of the company's stock.
The Goldman Sachs Group Company Profile
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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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