The Goldman Sachs Group, Inc. (NYSE:GS) is Lmcg Investments LLC’s 9th Largest Position

Lmcg Investments LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 51,377 shares of the investment management company’s stock after buying an additional 2,845 shares during the period. The Goldman Sachs Group accounts for about 1.8% of Lmcg Investments LLC’s holdings, making the stock its 9th biggest holding. Lmcg Investments LLC’s holdings in The Goldman Sachs Group were worth $29,419,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of The Goldman Sachs Group by 4.3% during the 2nd quarter. Pacer Advisors Inc. now owns 22,996 shares of the investment management company’s stock worth $10,402,000 after purchasing an additional 954 shares during the period. Sei Investments Co. boosted its holdings in The Goldman Sachs Group by 11.8% during the second quarter. Sei Investments Co. now owns 137,590 shares of the investment management company’s stock worth $62,228,000 after buying an additional 14,566 shares in the last quarter. Thrivent Financial for Lutherans grew its position in The Goldman Sachs Group by 4.6% during the second quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock valued at $6,586,000 after buying an additional 634 shares during the period. ProShare Advisors LLC increased its holdings in The Goldman Sachs Group by 8.4% in the second quarter. ProShare Advisors LLC now owns 172,699 shares of the investment management company’s stock valued at $78,115,000 after buying an additional 13,402 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in shares of The Goldman Sachs Group by 10,420.0% in the second quarter. Frank Rimerman Advisors LLC now owns 2,104 shares of the investment management company’s stock worth $952,000 after acquiring an additional 2,084 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the sale, the director now directly owns 608,425 shares of the company’s stock, valued at $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock worth $12,656,179 in the last 90 days. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GS. UBS Group restated a “neutral” rating and issued a $610.00 price target on shares of The Goldman Sachs Group in a research note on Monday, January 6th. Evercore ISI boosted their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JMP Securities boosted their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Citigroup increased their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $589.19.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $626.84 on Tuesday. The business’s 50 day moving average price is $587.22 and its 200 day moving average price is $530.73. The company has a market cap of $196.77 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.90 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $627.00.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the firm earned $5.48 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.