ProShare Advisors LLC Has $52.86 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

ProShare Advisors LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,452 shares of the investment management company’s stock after buying an additional 19,156 shares during the quarter. ProShare Advisors LLC owned 0.06% of The Goldman Sachs Group worth $52,861,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of The Goldman Sachs Group by 0.6% in the 4th quarter. BlackRock Inc. now owns 21,081,144 shares of the investment management company’s stock valued at $5,559,314,000 after buying an additional 132,529 shares in the last quarter. State Street Corp grew its holdings in shares of The Goldman Sachs Group by 1.9% during the 3rd quarter. State Street Corp now owns 20,053,490 shares of the investment management company’s stock valued at $4,030,150,000 after purchasing an additional 370,673 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of The Goldman Sachs Group by 11.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,055,510 shares of the investment management company’s stock valued at $2,623,767,000 after purchasing an additional 1,392,213 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of The Goldman Sachs Group by 3.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,580,079 shares of the investment management company’s stock valued at $944,103,000 after purchasing an additional 110,499 shares during the last quarter. Finally, Greenhaven Associates Inc. grew its holdings in shares of The Goldman Sachs Group by 3.0% during the 4th quarter. Greenhaven Associates Inc. now owns 3,064,188 shares of the investment management company’s stock valued at $808,057,000 after purchasing an additional 90,008 shares during the last quarter. Institutional investors own 68.05% of the company’s stock.

NYSE:GS opened at $316.87 on Tuesday. The firm’s fifty day moving average is $293.91 and its 200-day moving average is $235.62. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.73 and a current ratio of 0.73. The Goldman Sachs Group, Inc. has a 52 week low of $130.85 and a 52 week high of $320.56. The firm has a market cap of $109.02 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.65 and a beta of 1.50.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, January 18th. The investment management company reported $12.08 EPS for the quarter, beating the Zacks’ consensus estimate of $7.47 by $4.61. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The company had revenue of $11.74 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same period in the prior year, the firm posted $4.69 EPS. The company’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 26.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 30th. Investors of record on Tuesday, March 2nd will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.58%. The Goldman Sachs Group’s payout ratio is presently 23.78%.

In related news, EVP John F.W. Rogers sold 10,000 shares of the business’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $313.25, for a total transaction of $3,132,500.00. Also, CFO Stephen M. Scherr sold 20,000 shares of the business’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $312.61, for a total transaction of $6,252,200.00. Insiders have sold a total of 40,748 shares of company stock worth $12,371,892 in the last quarter. 0.60% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on GS. JMP Securities lifted their price target on shares of The Goldman Sachs Group from $285.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, January 12th. Barclays raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and set a $362.00 price target on the stock in a report on Monday, January 4th. Daiwa Capital Markets began coverage on shares of The Goldman Sachs Group in a report on Wednesday, January 6th. They set an “outperform” rating and a $300.00 price target on the stock. Oppenheimer reaffirmed a “buy” rating and set a $449.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, February 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $308.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, January 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The Goldman Sachs Group presently has an average rating of “Buy” and an average target price of $302.77.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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