Teacher Retirement System of Texas Reduces Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Teacher Retirement System of Texas reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,286 shares of the investment management company's stock after selling 6,243 shares during the quarter. Teacher Retirement System of Texas' holdings in The Goldman Sachs Group were worth $40,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Swedbank AB grew its stake in shares of The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company's stock valued at $167,866,000 after buying an additional 13,730 shares during the period. Thrivent Financial for Lutherans increased its stake in The Goldman Sachs Group by 5.6% during the third quarter. Thrivent Financial for Lutherans now owns 15,380 shares of the investment management company's stock worth $7,615,000 after acquiring an additional 818 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in The Goldman Sachs Group in the third quarter valued at $54,000. Strategy Asset Managers LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $671,000. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of The Goldman Sachs Group by 9.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 41,501 shares of the investment management company's stock worth $20,548,000 after purchasing an additional 3,754 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

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The Goldman Sachs Group Stock Performance

GS traded up $6.06 during trading on Tuesday, hitting $586.16. The stock had a trading volume of 1,874,499 shares, compared to its average volume of 2,239,391. The firm has a market capitalization of $182.90 billion, a P/E ratio of 14.46, a PEG ratio of 0.89 and a beta of 1.37. 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 Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The company's 50-day moving average price is $611.24 and its 200 day moving average price is $569.86.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the business posted $5.48 earnings per share. The business's revenue was up 22.5% compared to the same quarter last year. On average, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Hsbc Global Res cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Morgan Stanley cut their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average target price of $593.27.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares of the company's stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares of the company's stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock worth $12,630,683 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

About The Goldman Sachs Group

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.