Signature Financial Management Inc. lessened its holdings in Goldman Sachs Group Inc (NYSE:GS) by 18.8% during the fourth quarter, HoldingsChannel reports. The firm owned 3,076 shares of the investment management company’s stock after selling 712 shares during the quarter. Signature Financial Management Inc.’s holdings in Goldman Sachs Group were worth $784,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of GS. Janus Henderson Group PLC raised its position in Goldman Sachs Group by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after purchasing an additional 2,416,970 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Goldman Sachs Group by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after purchasing an additional 1,152,869 shares during the last quarter. Balyasny Asset Management LLC raised its position in Goldman Sachs Group by 1,654.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock worth $229,595,000 after purchasing an additional 975,690 shares during the last quarter. Jennison Associates LLC raised its position in Goldman Sachs Group by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after purchasing an additional 727,698 shares during the last quarter. Finally, Capital World Investors raised its position in Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after purchasing an additional 726,582 shares during the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.
In other Goldman Sachs Group news, Vice Chairman Pablo J. Salame sold 10,000 shares of Goldman Sachs Group stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $270.42, for a total transaction of $2,704,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Martin Chavez sold 11,829 shares of Goldman Sachs Group stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total value of $3,066,313.38. The disclosure for this sale can be found here. Insiders have sold a total of 167,843 shares of company stock valued at $41,855,427 in the last quarter. Company insiders own 2.57% of the company’s stock.
Several research analysts recently issued reports on the company. Morgan Stanley raised their target price on Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $320.00 target price on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 target price for the company in a research report on Tuesday, December 19th. Vertical Group raised Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, Barclays raised their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $256.75.
Goldman Sachs Group Inc (NYSE GS) opened at $267.62 on Monday. The stock has a market capitalization of $100,946.66, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.08 EPS. equities research analysts expect that Goldman Sachs Group Inc will post 21.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.12%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 34.84%.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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