Price T Rowe Associates Inc. MD Has $2.14 Billion Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Price T Rowe Associates Inc. MD decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,730,339 shares of the investment management company's stock after selling 197,430 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.20% of The Goldman Sachs Group worth $2,136,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Geode Capital Management LLC lifted its position in The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after buying an additional 161,500 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock valued at $3,524,669,000 after buying an additional 112,696 shares during the last quarter. FMR LLC grew its stake in shares of The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after buying an additional 687,711 shares in the last quarter. Invesco Ltd. raised its position in The Goldman Sachs Group by 8.3% during the fourth quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company's stock worth $1,723,920,000 after acquiring an additional 229,673 shares in the last quarter. Finally, Norges Bank bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $1,603,315,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE:GS traded up $15.90 during trading hours on Thursday, reaching $545.21. 2,220,994 shares of the company were exchanged, compared to its average volume of 2,374,386. The business has a 50 day moving average of $551.48 and a 200 day moving average of $573.13. The company has a market capitalization of $170.13 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.89 and a beta of 1.33. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $414.85 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $11.58 earnings per share. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.20%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GS. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. JMP Securities cut their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada decreased 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 report on Tuesday, April 15th. Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, 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 report on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $593.40.

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.