Vanguard Group Inc. Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Vanguard Group Inc. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,411,202 shares of the investment management company's stock after acquiring an additional 19,118 shares during the period. Vanguard Group Inc. owned approximately 9.47% of The Goldman Sachs Group worth $16,841,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. increased 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 valued at $93,000 after buying an additional 16 shares during the last quarter. Ledyard National Bank grew its holdings 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 in the last quarter. Seelaus Asset Management LLC increased its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after acquiring an additional 16 shares during the last quarter. Pointe Capital Management LLC raised its holdings in The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after acquiring an additional 16 shares in the last quarter. Finally, Genesee Capital Advisors LLC boosted its position in The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock valued at $1,024,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

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The Goldman Sachs Group Trading Up 1.0 %

NYSE:GS traded up $6.06 on Tuesday, reaching $586.16. 1,720,757 shares of the stock traded hands, compared to its average volume of 2,239,391. The firm has a market capitalization of $182.90 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company's 50 day moving average is $611.24 and its 200-day moving average 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 for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $5.48 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.

Insider Activity

In other 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 completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company's stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company's stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GS. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Citigroup reduced their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $593.27.

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.