Good Life Advisors LLC cut its position in Goldman Sachs Group Inc (NYSE:GS) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,420 shares of the investment management company’s stock after selling 191 shares during the quarter. Good Life Advisors LLC’s holdings in Goldman Sachs Group were worth $788,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Nuveen Asset Management LLC raised its holdings in Goldman Sachs Group by 1,026.7% in the second quarter. Nuveen Asset Management LLC now owns 2,132,535 shares of the investment management company’s stock worth $436,316,000 after purchasing an additional 1,943,266 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Goldman Sachs Group by 7.5% in the second quarter. UBS Asset Management Americas Inc. now owns 1,210,733 shares of the investment management company’s stock worth $247,716,000 after purchasing an additional 84,732 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Goldman Sachs Group by 7.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,161,281 shares of the investment management company’s stock worth $240,652,000 after purchasing an additional 85,012 shares in the last quarter. Maj Invest Holding A S increased its holdings in shares of Goldman Sachs Group by 0.8% during the third quarter. Maj Invest Holding A S now owns 910,900 shares of the investment management company’s stock valued at $188,763,000 after acquiring an additional 6,801 shares in the last quarter. Finally, Eaton Vance Management increased its holdings in shares of Goldman Sachs Group by 15.0% during the second quarter. Eaton Vance Management now owns 813,560 shares of the investment management company’s stock valued at $166,454,000 after acquiring an additional 105,971 shares in the last quarter. Institutional investors and hedge funds own 69.53% of the company’s stock.
NYSE:GS traded down $1.17 during midday trading on Friday, hitting $248.55. The company’s stock had a trading volume of 44,820 shares, compared to its average volume of 3,771,533. Goldman Sachs Group Inc has a fifty-two week low of $180.73 and a fifty-two week high of $249.82. The firm’s 50 day moving average is $229.79 and its 200-day moving average is $215.20. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $86.99 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.34 and a beta of 1.37.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $4.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.20 by ($0.51). Goldman Sachs Group had a return on equity of 11.41% and a net margin of 18.86%. The business had revenue of $9.96 billion during the quarter, compared to analyst estimates of $8.56 billion. During the same quarter last year, the company posted $6.04 EPS. Goldman Sachs Group’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, analysts forecast that Goldman Sachs Group Inc will post 21.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $1.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.00 annualized dividend and a yield of 2.01%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 19.79%.
Several research firms have recently issued reports on GS. Morgan Stanley restated an “equal weight” rating and set a $250.00 price objective (up previously from $244.00) on shares of Goldman Sachs Group in a report on Monday, November 18th. Credit Suisse Group upped their price objective on shares of Goldman Sachs Group from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $235.00 price objective on the stock in a report on Friday, November 8th. DA Davidson began coverage on shares of Goldman Sachs Group in a report on Wednesday, January 8th. They set a “buy” rating and a $272.00 price objective on the stock. Finally, ValuEngine downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $261.53.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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