Jennison Associates LLC lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 38.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,100,822 shares of the investment management company's stock after selling 692,257 shares during the period. Jennison Associates LLC owned 0.35% of The Goldman Sachs Group worth $630,353,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC grew its stake in The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock valued at $3,713,325,000 after acquiring an additional 7,475,140 shares during the period. FMR LLC lifted its holdings in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock valued at $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of The Goldman Sachs Group by 154.7% in the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company's stock valued at $205,403,000 after purchasing an additional 251,972 shares during the period. Congress Asset Management Co. increased its stake in The Goldman Sachs Group by 829.0% during the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company's stock worth $128,886,000 after purchasing an additional 232,297 shares in the last quarter. Finally, Rheos Capital Works Inc. increased its stake in The Goldman Sachs Group by 265.4% during the 3rd quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company's stock worth $123,035,000 after purchasing an additional 180,500 shares in the last quarter. Institutional investors own 71.21% of the company's stock.
Insider Transactions at The Goldman Sachs Group
In other news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,865 shares of company stock worth $25,286,862. Company insiders own 0.57% of the company's stock.
The Goldman Sachs Group Stock Performance
GS traded up $2.11 during trading hours on Tuesday, reaching $634.48. The company's stock had a trading volume of 1,743,131 shares, compared to its average volume of 2,593,334. 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 company's 50-day moving average is $596.65 and its 200-day moving average is $542.74. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $650.00. The firm has a market cap of $196.97 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The company's revenue was up 22.5% on a year-over-year basis. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.
Analyst Ratings Changes
GS has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an "outperform" rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Bank of America increased their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Morgan Stanley boosted their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $591.06.
View Our Latest Analysis on The Goldman Sachs Group
The Goldman Sachs Group 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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