Goldman Sachs Group Inc (GS) Position Reduced by Cetera Advisors LLC

Cetera Advisors LLC lessened its position in Goldman Sachs Group Inc (NYSE:GS) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,978 shares of the investment management company’s stock after selling 631 shares during the quarter. Cetera Advisors LLC’s holdings in Goldman Sachs Group were worth $1,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GS. Lingohr & Partner Asset Management GmbH grew its position in Goldman Sachs Group by 76.1% in the 2nd quarter. Lingohr & Partner Asset Management GmbH now owns 6,436 shares of the investment management company’s stock worth $1,478,000 after purchasing an additional 2,782 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Goldman Sachs Group by 4.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,142,075 shares of the investment management company’s stock worth $253,427,000 after purchasing an additional 49,685 shares during the last quarter. Columbia Partners L L C Investment Management grew its position in Goldman Sachs Group by 5.6% in the 2nd quarter. Columbia Partners L L C Investment Management now owns 16,201 shares of the investment management company’s stock worth $3,595,000 after purchasing an additional 859 shares during the last quarter. New York State Common Retirement Fund grew its position in Goldman Sachs Group by 2.1% in the 2nd quarter. New York State Common Retirement Fund now owns 1,090,664 shares of the investment management company’s stock worth $242,018,000 after purchasing an additional 22,135 shares during the last quarter. Finally, Quantitative Investment Management LLC grew its position in Goldman Sachs Group by 140.1% in the 2nd quarter. Quantitative Investment Management LLC now owns 172,900 shares of the investment management company’s stock worth $38,366,000 after purchasing an additional 100,900 shares during the last quarter. Institutional investors own 73.28% of the company’s stock.

Several analysts have issued reports on GS shares. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a research report on Friday, October 20th. Vertical Group lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Royal Bank of Canada restated a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research report on Wednesday, November 15th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Goldman Sachs Group in a research report on Monday, November 20th. Finally, Bank of America lifted their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $256.75.

In other Goldman Sachs Group news, insider David M. Solomon sold 21,252 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $271.65, for a total value of $5,773,105.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider R. Martin Chavez sold 11,829 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total transaction of $3,066,313.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,843 shares of company stock worth $41,855,427. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group Inc (GS) opened at $267.62 on Friday. The company has a market cap of $100,950.00, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.37. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $273.79. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.08 earnings per share. equities research analysts predict that Goldman Sachs Group Inc will post 21.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.12%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.03%.

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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.

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

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