Andra AP fonden Has $30.02 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Andra AP fonden reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 16.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,697 shares of the investment management company’s stock after selling 7,500 shares during the period. Andra AP fonden’s holdings in The Goldman Sachs Group were worth $30,020,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GS. Gilliland Jeter Wealth Management LLC grew its stake in The Goldman Sachs Group by 3.5% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock valued at $309,000 after buying an additional 13 shares during the last quarter. EWA LLC grew its position in shares of The Goldman Sachs Group by 2.2% in the third quarter. EWA LLC now owns 612 shares of the investment management company’s stock valued at $488,000 after purchasing an additional 13 shares during the last quarter. Carrera Capital Advisors increased its stake in shares of The Goldman Sachs Group by 3.5% during the third quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock worth $306,000 after purchasing an additional 13 shares during the period. Centerpoint Advisors LLC lifted its holdings in The Goldman Sachs Group by 1.5% during the 3rd quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock worth $687,000 after purchasing an additional 13 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 0.9% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 1,488 shares of the investment management company’s stock worth $1,185,000 after purchasing an additional 13 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In related 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 transaction of $255,386.24. Following the completion of the transaction, the chief executive officer directly owned 125,527 shares in the company, valued at $117,859,810.84. This represents a 0.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 1,092 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $936.89, for a total transaction of $1,023,083.88. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 117,283 shares of company stock worth $112,016,033 in the last ninety days. Insiders own 0.55% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $928.87 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The stock has a market capitalization of $278.60 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.13 and a beta of 1.34. The stock has a fifty day moving average of $924.95 and a 200-day moving average of $835.31.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period last year, the firm posted $11.95 earnings per share. The Goldman Sachs Group’s revenue was down 3.0% compared to the same quarter last year. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is 31.20%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GS. Bank of America increased their price objective on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Argus lifted their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Autonomous Res decreased their target price on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Daiwa Securities Group lifted their price target on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $916.86.

Check Out Our Latest Stock Report on GS

About The Goldman Sachs Group

(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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