Russell Investments Group Ltd. lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,569 shares of the investment management company's stock after selling 31,901 shares during the quarter. Russell Investments Group Ltd.'s holdings in The Goldman Sachs Group were worth $86,228,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Jackson Grant Investment Advisers Inc. boosted its stake in The Goldman Sachs Group by 10.9% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after purchasing an additional 16 shares in the last quarter. Ledyard National Bank increased its position in shares of The Goldman Sachs Group by 3.4% in the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock valued at $278,000 after acquiring an additional 16 shares during the period. Seelaus Asset Management LLC raised its stake in The Goldman Sachs Group by 2.5% in the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock worth $378,000 after acquiring an additional 16 shares during the last quarter. Pointe Capital Management LLC grew its stake in The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after purchasing an additional 16 shares during the last quarter. Finally, Genesee Capital Advisors LLC raised 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. Hedge funds and other institutional investors own 71.21% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Citigroup lowered their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a report on Monday. Evercore ISI dropped 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. UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Finally, Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a report on Friday, April 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $586.00.
Get Our Latest Research Report on The Goldman Sachs Group
Insider Transactions at The Goldman Sachs Group
In other news, Treasurer Carey Halio sold 3,640 shares of the company's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group 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 in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.
The Goldman Sachs Group Stock Performance
The Goldman Sachs Group stock traded down $4.49 during midday trading on Wednesday, hitting $457.73. 1,658,979 shares of the company's stock were exchanged, compared to its average volume of 2,350,820. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month 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's 50 day simple moving average is $587.13 and its 200 day simple moving average is $572.67. The stock has a market cap of $142.83 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.
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 (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm posted $5.48 EPS. The company's quarterly revenue was up 22.5% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.62%. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.
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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