Sentry Investment Management LLC Purchases 4,414 Shares of Goldman Sachs Group Inc (GS)

Sentry Investment Management LLC increased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,738 shares of the investment management company’s stock after buying an additional 4,414 shares during the quarter. Sentry Investment Management LLC’s holdings in Goldman Sachs Group were worth $6,557,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its holdings in Goldman Sachs Group by 4,096.0% during the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after purchasing an additional 2,416,970 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Goldman Sachs Group by 47.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after purchasing an additional 1,152,869 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in Goldman Sachs Group by 1,654.0% during the second quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after purchasing an additional 975,690 shares in the last quarter. Jennison Associates LLC boosted its holdings in Goldman Sachs Group by 15.1% during the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after purchasing an additional 727,698 shares in the last quarter. Finally, Capital World Investors boosted its holdings in Goldman Sachs Group by 10.5% during the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares in the last quarter. 73.28% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs Group Inc (NYSE GS) opened at $253.16 on Tuesday. Goldman Sachs Group Inc has a one year low of $209.62 and a one year high of $273.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market cap of $94,036.34, a P/E ratio of 12.59, a PEG ratio of 0.90 and a beta of 1.37.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the previous year, the company posted $5.08 earnings per share. Goldman Sachs Group’s quarterly revenue was down 4.2% compared to the same quarter last year. sell-side analysts forecast that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 34.84%.

In related news, Chairman Lloyd C. Blankfein sold 20,794 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total value of $4,956,873.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. Insiders sold a total of 167,843 shares of company stock valued at $41,855,427 in the last 90 days. 2.57% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on GS. Buckingham Research reaffirmed a “neutral” rating and set a $250.00 price objective (up from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Vetr raised Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price objective on the stock in a report on Thursday, February 8th. Bank of America reaffirmed a “buy” rating and set a $300.00 price objective (up from $249.30) on shares of Goldman Sachs Group in a report on Monday. Barclays reaffirmed an “equal weight” rating and set a $289.00 price objective (down from $308.00) on shares of Goldman Sachs Group in a report on Thursday, January 18th. Finally, Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $256.75.

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About Goldman Sachs Group

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.

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

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