Connor Clark & Lunn Investment Management Ltd. Has $4.26 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 88.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,444 shares of the investment management company’s stock after selling 58,166 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in The Goldman Sachs Group were worth $4,263,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GS. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $34,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $37,000. Finally, Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 3.3 %

NYSE GS opened at $542.31 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1-year low of $383.41 and a 1-year high of $672.19. The company has a 50 day moving average of $612.79 and a 200-day moving average of $567.23. The company has a market cap of $169.22 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.89 and a beta of 1.37.

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

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin R. Johnson acquired 2,400 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Morgan Stanley decreased their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a report on Thursday. Barclays raised their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $594.27.

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.