Goldman Sachs Group Inc (GS) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,999 shares of the investment management company’s stock after selling 4,557 shares during the quarter. Retirement Systems of Alabama’s holdings in Goldman Sachs Group were worth $43,309,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in shares of Goldman Sachs Group by 28.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 339,621 shares of the investment management company’s stock worth $86,522,000 after purchasing an additional 75,665 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Goldman Sachs Group by 5.5% during the 4th quarter. Cetera Investment Advisers now owns 4,775 shares of the investment management company’s stock worth $1,221,000 after purchasing an additional 250 shares in the last quarter. Barings LLC boosted its position in shares of Goldman Sachs Group by 73.0% during the 4th quarter. Barings LLC now owns 31,598 shares of the investment management company’s stock worth $8,050,000 after purchasing an additional 13,330 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in Goldman Sachs Group by 3.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 34,539 shares of the investment management company’s stock valued at $8,799,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Rational Advisors LLC lifted its position in Goldman Sachs Group by 155.5% in the 4th quarter. Rational Advisors LLC now owns 2,811 shares of the investment management company’s stock valued at $716,000 after acquiring an additional 1,711 shares in the last quarter. 73.28% of the stock is currently owned by institutional investors.

Goldman Sachs Group Inc (NYSE:GS) opened at $255.53 on Wednesday. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $273.79. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $95,492.34, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.91 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter last year, the firm earned $5.08 EPS. The company’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 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio is currently 34.84%.

In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,366,544.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David M. Solomon sold 21,252 shares of Goldman Sachs Group stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $271.65, for a total transaction of $5,773,105.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,843 shares of company stock worth $41,855,427. Insiders own 2.57% of the company’s stock.

Several equities analysts recently weighed in on the stock. Vetr cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 price target on the stock. in a research report on Wednesday. Buckingham Research reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Bank of America reaffirmed a “buy” rating and issued a $300.00 price target (up previously from $249.30) on shares of Goldman Sachs Group in a research report on Monday. Barclays reaffirmed an “equal weight” rating and issued a $289.00 price target (down previously from $308.00) on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Finally, Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $256.75.

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Goldman Sachs Group 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.

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

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