State of New Jersey Common Pension Fund D Has $66.50 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

State of New Jersey Common Pension Fund D lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,125 shares of the investment management company’s stock after selling 2,687 shares during the period. State of New Jersey Common Pension Fund D’s holdings in The Goldman Sachs Group were worth $66,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GS. Americana Partners LLC lifted its position in The Goldman Sachs Group by 439.3% during the 4th quarter. Americana Partners LLC now owns 5,695 shares of the investment management company’s stock worth $3,261,000 after acquiring an additional 4,639 shares during the last quarter. Sierra Ocean LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth $60,000. JFS Wealth Advisors LLC lifted its position in The Goldman Sachs Group by 1.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,878 shares of the investment management company’s stock worth $1,648,000 after acquiring an additional 36 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in The Goldman Sachs Group by 11.0% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,938 shares of the investment management company’s stock worth $1,682,000 after acquiring an additional 290 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in The Goldman Sachs Group by 10.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 7,881 shares of the investment management company’s stock worth $4,513,000 after acquiring an additional 715 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,475 shares of company stock worth $19,692,543. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $661.56 on Monday. The stock has a market cap of $205.38 billion, a P/E ratio of 16.31, a PEG ratio of 0.91 and a beta of 1.39. The company’s 50-day simple moving average is $605.16 and its 200 day simple moving average is $552.30. The Goldman Sachs Group, Inc. has a twelve month low of $379.14 and a twelve month high of $663.87. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.48 earnings per share. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.81%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. 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 report on Friday, January 3rd. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Company 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.