Boston Financial Mangement LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,369 shares of the investment management company’s stock after selling 81 shares during the period. Boston Financial Mangement LLC’s holdings in The Goldman Sachs Group were worth $470,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in The Goldman Sachs Group by 1.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,478,109 shares of the investment management company’s stock valued at $2,786,361,000 after buying an additional 126,277 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in The Goldman Sachs Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock valued at $1,396,236,000 after purchasing an additional 52,016 shares during the period. Fisher Asset Management LLC increased its position in shares of The Goldman Sachs Group by 44.3% in the third quarter. Fisher Asset Management LLC now owns 4,743,628 shares of the investment management company’s stock valued at $1,390,120,000 after buying an additional 1,456,801 shares in the last quarter. Legal & General Group Plc raised its stake in shares of The Goldman Sachs Group by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 2,563,870 shares of the investment management company’s stock worth $761,526,000 after buying an additional 126,619 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of The Goldman Sachs Group by 1.7% during the 3rd quarter. Nuveen Asset Management LLC now owns 2,171,023 shares of the investment management company’s stock valued at $636,218,000 after buying an additional 36,085 shares in the last quarter. Hedge funds and other institutional investors own 69.09% of the company’s stock.
Insider Activity at The Goldman Sachs Group
In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $6.43, for a total value of $25,720,000.00. Following the completion of the transaction, the insider now directly owns 17,099,784 shares in the company, valued at $109,951,611.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 4,105,275 shares of company stock worth $26,412,477. Corporate insiders own 0.54% of the company’s stock.
Analyst Ratings Changes
The Goldman Sachs Group Stock Performance
NYSE:GS opened at $322.40 on Monday. The stock has a market capitalization of $107.62 billion, a P/E ratio of 10.73, a PEG ratio of 0.65 and a beta of 1.41. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.90 and a current ratio of 0.90. The Goldman Sachs Group, Inc. has a fifty-two week low of $277.84 and a fifty-two week high of $389.58. The company has a 50 day moving average price of $344.29 and a 200 day moving average price of $345.35.
The Goldman Sachs Group (NYSE:GS – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 EPS for the quarter, missing the consensus estimate of $5.25 by ($1.93). The firm had revenue of $10.59 billion for the quarter, compared to analysts’ expectations of $10.91 billion. The Goldman Sachs Group had a return on equity of 10.55% and a net margin of 16.39%. The company’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.81 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 32.11 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Wednesday, March 1st. The Goldman Sachs Group’s payout ratio is 33.27%.
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc engages in the provision of financial services. It operates through the following business segments: Global Banking and Markets, Asset and Wealth Management, and Platform Solutions. The Global Banking and Markets segment includes investment banking, equity and debt underwriting, Fixed Income, Currency, and Commodities (FICC) intermediation and financing activities, relationship lending and acquisition financing, and investing activities.
Read More
- Get a free copy of the StockNews.com research report on The Goldman Sachs Group (GS)
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