Corient Private Wealth LLC Has $145.37 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Corient Private Wealth LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 11.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 165,367 shares of the investment management company’s stock after buying an additional 17,647 shares during the quarter. Corient Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $145,373,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lifetime Wealth Management P.C. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Union Savings Bank bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $96,000. Hsbc Holdings PLC raised its position in The Goldman Sachs Group by 16.1% during the fourth quarter. Hsbc Holdings PLC now owns 776,108 shares of the investment management company’s stock valued at $682,994,000 after acquiring an additional 107,746 shares in the last quarter. Bayban acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $123,000. Finally, AG Campbell Advisory LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $8,267,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Key The Goldman Sachs Group News

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

The Goldman Sachs Group Stock Performance

NYSE GS opened at $1,099.46 on Friday. The company’s fifty day moving average is $979.32 and its two-hundred day moving average is $919.74. The Goldman Sachs Group, Inc. has a 52-week low of $630.01 and a 52-week high of $1,125.00. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $324.35 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.43 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the previous year, the business earned $14.12 EPS. The Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is 32.89%.

Insider Transactions at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the sale, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,681 shares of company stock worth $31,737,875 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings lowered shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Jefferies Financial Group decreased their price objective on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a report on Monday, April 6th. BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Finally, Evercore cut their target price on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Nine analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $941.82.

Read Our Latest Research Report on The Goldman Sachs Group

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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