BTC Capital Management Inc. Has $7.64 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

BTC Capital Management Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 6.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,684 shares of the investment management company’s stock after selling 603 shares during the quarter. BTC Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $7,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. KRS Capital Management LLC grew its position in shares of The Goldman Sachs Group by 34.5% during the 4th quarter. KRS Capital Management LLC now owns 1,256 shares of the investment management company’s stock worth $1,104,000 after buying an additional 322 shares during the period. LeConte Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 15.1% in the fourth quarter. LeConte Wealth Management LLC now owns 556 shares of the investment management company’s stock valued at $489,000 after buying an additional 73 shares during the period. My Personal CFO LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $276,000. Nisa Investment Advisors LLC boosted its stake in The Goldman Sachs Group by 3.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 91,276 shares of the investment management company’s stock valued at $80,232,000 after acquiring an additional 3,008 shares during the last quarter. Finally, GFG Capital LLC grew its holdings in The Goldman Sachs Group by 8.8% during the 4th quarter. GFG Capital LLC now owns 360 shares of the investment management company’s stock worth $316,000 after acquiring an additional 29 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the transaction, the treasurer owned 2,017 shares in the company, valued at $1,870,101.89. The trade was a 58.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 272 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the transaction, the chief executive officer owned 125,527 shares of the company’s stock, valued at $117,859,810.84. This represents a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 117,283 shares of company stock valued at $112,016,033 over the last 90 days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 4.6%

Shares of NYSE GS opened at $844.98 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The stock has a market cap of $249.26 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The company’s fifty day moving average is $879.64 and its 200-day moving average is $849.89.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.95 EPS. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 2nd were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 2.1%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date was Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 35.09%.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Analyst Ratings Changes

GS has been the topic of a number of analyst reports. Daiwa Securities Group increased their price target on The Goldman Sachs Group from $927.00 to $940.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. BNP Paribas Exane lifted their price objective on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Royal Bank Of Canada upped their price objective on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Barclays increased their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, Rothschild & Co Redburn raised their target price on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $919.29.

Check Out Our Latest Research Report on GS

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.