1832 Asset Management L.P. Sells 349 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

1832 Asset Management L.P. lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,847 shares of the investment management company’s stock after selling 349 shares during the period. 1832 Asset Management L.P.’s holdings in The Goldman Sachs Group were worth $2,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GS. Van ECK Associates Corp lifted its stake in shares of The Goldman Sachs Group by 28.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,232 shares of the investment management company’s stock valued at $399,000 after acquiring an additional 270 shares during the last quarter. Aptus Capital Advisors LLC raised its position in The Goldman Sachs Group by 46.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,365 shares of the investment management company’s stock valued at $1,089,000 after purchasing an additional 1,060 shares during the last quarter. Blair William & Co. IL lifted its holdings in The Goldman Sachs Group by 32.9% in the 3rd quarter. Blair William & Co. IL now owns 91,123 shares of the investment management company’s stock worth $29,485,000 after buying an additional 22,575 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in The Goldman Sachs Group by 1.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 9,204 shares of the investment management company’s stock worth $2,978,000 after buying an additional 121 shares during the period. Finally, Varma Mutual Pension Insurance Co lifted its holdings in The Goldman Sachs Group by 14.9% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 13,001 shares of the investment management company’s stock worth $4,207,000 after buying an additional 1,687 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GS. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a report on Tuesday, April 16th. Oppenheimer increased their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. JMP Securities increased their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Bank of America increased their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $440.57.

Get Our Latest Report on The Goldman Sachs Group

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 0.7 %

GS stock opened at $454.91 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $471.48. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The firm has a market cap of $146.69 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. The business has a 50 day moving average of $435.52 and a 200 day moving average of $399.38.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter last year, the company earned $8.79 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

About The Goldman Sachs Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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