The Goldman Sachs Group, Inc. $GS Position Cut by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,469 shares of the investment management company’s stock after selling 674 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in The Goldman Sachs Group were worth $13,911,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its stake in shares of The Goldman Sachs Group by 2.7% in the third quarter. Cerity Partners LLC now owns 180,301 shares of the investment management company’s stock worth $143,578,000 after purchasing an additional 4,692 shares in the last quarter. Rheos Capital Works Inc. lifted its holdings in The Goldman Sachs Group by 258.8% in the third quarter. Rheos Capital Works Inc. now owns 30,500 shares of the investment management company’s stock worth $24,289,000 after purchasing an additional 22,000 shares during the period. CoreCap Advisors LLC grew its position in The Goldman Sachs Group by 24.8% in the 3rd quarter. CoreCap Advisors LLC now owns 1,961 shares of the investment management company’s stock valued at $1,562,000 after buying an additional 390 shares in the last quarter. Grandview Asset Management LLC increased its stake in The Goldman Sachs Group by 160.4% during the 3rd quarter. Grandview Asset Management LLC now owns 1,492 shares of the investment management company’s stock valued at $1,188,000 after buying an additional 919 shares during the period. Finally, Kathmere Capital Management LLC increased its stake in The Goldman Sachs Group by 11.3% during the 3rd quarter. Kathmere Capital Management LLC now owns 1,748 shares of the investment management company’s stock valued at $1,392,000 after buying an additional 178 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $955.05 on Wednesday. The business has a fifty day simple moving average of $843.27 and a 200-day simple moving average of $778.94. The firm has a market cap of $286.45 billion, a PE ratio of 19.40, a P/E/G ratio of 1.11 and a beta of 1.33. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $961.69. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period in the previous year, the firm earned $8.40 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Key The Goldman Sachs Group News

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. HSBC upped their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Dbs Bank upped their target price on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Citigroup increased their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Evercore ISI lifted their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Finally, BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $785.00 to $980.00 and gave the stock a “market perform” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $852.28.

View Our Latest Analysis 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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