Brandywine Global Investment Management LLC trimmed its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 343,955 shares of the investment management company’s stock after selling 95,685 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.09% of Goldman Sachs Group worth $57,458,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Royal London Asset Management Ltd. grew its stake in Goldman Sachs Group by 29.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 199,139 shares of the investment management company’s stock worth $32,466,000 after buying an additional 45,206 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Goldman Sachs Group by 1.7% in the third quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock worth $730,458,000 after acquiring an additional 52,899 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Goldman Sachs Group by 72.0% in the third quarter. Virtu Financial LLC now owns 12,537 shares of the investment management company’s stock worth $1,317,725,000 after acquiring an additional 5,248 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in shares of Goldman Sachs Group by 9.7% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock worth $111,000 after acquiring an additional 59 shares during the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in shares of Goldman Sachs Group by 18.8% in the third quarter. Sowell Financial Services LLC now owns 1,855 shares of the investment management company’s stock worth $416,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 68.39% of the company’s stock.
A number of research analysts have recently commented on the stock. Wells Fargo & Co dropped their target price on shares of Goldman Sachs Group from $305.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, December 18th. Bank of America dropped their target price on shares of Goldman Sachs Group from $280.00 to $225.00 and set a “neutral” rating for the company in a report on Sunday, December 9th. Zacks Investment Research cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Morgan Stanley cut shares of Goldman Sachs Group to a “sell” rating in a report on Monday, February 4th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Goldman Sachs Group in a report on Monday, January 21st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $255.54.
In related news, EVP Dane E. Holmes sold 1,489 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory K. Palm sold 16,451 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total transaction of $2,606,002.91. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.
Shares of NYSE GS opened at $198.26 on Friday. The company has a market capitalization of $72.72 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23. Goldman Sachs Group Inc has a 1 year low of $151.70 and a 1 year high of $269.85. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.92 and a quick ratio of 0.91.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.15 by $0.89. The business had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.48 billion. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.84%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $5.68 EPS. Analysts forecast that Goldman Sachs Group Inc will post 23.62 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 28th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $3.20 dividend on an annualized basis and a yield of 1.61%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 12.66%.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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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