The Goldman Sachs Group, Inc. $GS Stock Holdings Raised by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 24.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,335 shares of the investment management company’s stock after purchasing an additional 661 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $2,932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in shares of The Goldman Sachs Group by 1.9% in the 3rd quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company’s stock worth $5,304,824,000 after purchasing an additional 121,676 shares during the last quarter. Invesco Ltd. grew its position in shares of The Goldman Sachs Group by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company’s stock valued at $2,319,905,000 after buying an additional 97,387 shares during the last quarter. Legal & General Group Plc grew its position in shares of The Goldman Sachs Group by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company’s stock valued at $1,680,393,000 after buying an additional 28,642 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of The Goldman Sachs Group by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock valued at $1,345,924,000 after buying an additional 291,280 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of The Goldman Sachs Group by 110.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after buying an additional 936,015 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GS shares. Argus boosted their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Rothschild & Co Redburn lowered their price objective on shares of The Goldman Sachs Group from $843.00 to $839.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Finally, Bank of America boosted their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $924.24.

Get Our Latest Research Report on The Goldman Sachs Group

Insider Buying and Selling

In other news, CEO David M. Solomon sold 272 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the sale, the chief executive officer directly owned 125,527 shares of the company’s stock, valued at approximately $117,859,810.84. This represents a 0.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 11,623 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the completion of the sale, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 117,283 shares of company stock worth $112,016,033. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 0.3%

The Goldman Sachs Group stock opened at $906.83 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The firm has a 50-day moving average price of $870.43 and a two-hundred day moving average price of $854.07. The firm has a market capitalization of $267.51 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.19 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52-week low of $478.58 and a 52-week high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The Goldman Sachs Group’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $11.95 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 2nd were paid a $4.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.09%.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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