Greenhaven Associates Inc. Has $942.17 Million Stake in Goldman Sachs Group Inc (GS)

Greenhaven Associates Inc. lowered its holdings in Goldman Sachs Group Inc (NYSE:GS) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,698,245 shares of the investment management company’s stock after selling 7,450 shares during the period. Goldman Sachs Group makes up about 14.2% of Greenhaven Associates Inc.’s holdings, making the stock its biggest position. Greenhaven Associates Inc. owned about 0.98% of Goldman Sachs Group worth $942,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Quadrant Wealth Management LLC bought a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $407,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $101,000. Sterling Investment Advisors Ltd. increased its holdings in Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after acquiring an additional 125 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $111,000. Finally, Gs Investments Inc. bought a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $111,000. 73.27% of the stock is currently owned by institutional investors.

In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 2,400 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $238.49, for a total transaction of $572,376.00. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock valued at $32,435,160 in the last ninety days. 2.57% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on GS. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group in a report on Friday, October 6th. JPMorgan Chase & Co. set a $260.00 target price on shares of Goldman Sachs Group and gave the stock a “buy” rating in a report on Friday, September 15th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $295.00 target price (up previously from $265.00) on shares of Goldman Sachs Group in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $251.90.

Shares of Goldman Sachs Group Inc (NYSE GS) traded up $0.80 during trading on Thursday, hitting $255.13. 2,422,005 shares of the stock were exchanged, compared to its average volume of 2,890,000. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $262.14. The stock has a market cap of $96,240.00, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter in the prior year, the company earned $4.88 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. analysts predict that Goldman Sachs Group Inc will post 19.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.18%. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.58%.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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