State of Tennessee Department of Treasury Has $71.43 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

State of Tennessee Department of Treasury decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,744 shares of the investment management company's stock after selling 16,948 shares during the period. State of Tennessee Department of Treasury's holdings in The Goldman Sachs Group were worth $71,431,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in The Goldman Sachs Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock valued at $3,761,576,000 after buying an additional 161,500 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of The Goldman Sachs Group by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock worth $3,524,669,000 after purchasing an additional 112,696 shares in the last quarter. FMR LLC boosted its holdings in The Goldman Sachs Group by 23.7% during the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after purchasing an additional 687,711 shares during the last quarter. Invesco Ltd. grew its position in The Goldman Sachs Group by 8.3% in the fourth quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company's stock valued at $1,723,920,000 after purchasing an additional 229,673 shares in the last quarter. Finally, Norges Bank acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $1,603,315,000. Institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, 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 sale, the insider now directly owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction dated 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 transaction, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded up $9.55 during midday trading on Wednesday, reaching $529.54. The company's stock had a trading volume of 3,037,335 shares, compared to its average volume of 2,371,787. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $165.24 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 52 week low of $414.85 and a 52 week high of $672.19. The business has a 50-day moving average price of $556.44 and a 200-day moving average price of $573.08.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the company earned $11.58 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.27%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GS shares. Royal Bank of Canada lowered their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Barclays cut their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group 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.