Sit Investment Associates Inc. Has $22.76 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Sit Investment Associates Inc. lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,750 shares of the investment management company's stock after selling 2,545 shares during the quarter. Sit Investment Associates Inc.'s holdings in The Goldman Sachs Group were worth $22,762,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Down 0.4 %

Shares of NYSE:GS traded down $1.89 during midday trading on Wednesday, reaching $460.34. The company had a trading volume of 1,853,349 shares, compared to its average volume of 2,351,596. The business's 50 day moving average price is $587.13 and its 200 day moving average price is $572.67. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19. 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 stock has a market cap of $143.64 billion, a PE ratio of 11.35, a P/E/G ratio of 0.89 and a beta of 1.33.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The company 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 business's revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.48 EPS. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.61%. The Goldman Sachs Group's payout ratio is 29.59%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, JMP Securities cut 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 report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $586.00.

Insider Activity at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the purchase, the director now owns 2,400 shares of the company's stock, valued at $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Company Profile

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.