Mariner Wealth Advisors LLC reduced its stake in Goldman Sachs Group Inc (NYSE:GS) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,512 shares of the investment management company’s stock after selling 408 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Goldman Sachs Group were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FTB Advisors Inc. grew its position in Goldman Sachs Group by 0.3% during the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock valued at $360,000 after acquiring an additional 5 shares during the last quarter. Quadrant Capital Group LLC grew its position in Goldman Sachs Group by 1.5% during the second quarter. Quadrant Capital Group LLC now owns 888 shares of the investment management company’s stock valued at $159,000 after acquiring an additional 13 shares during the last quarter. Keel Point LLC grew its position in Goldman Sachs Group by 0.4% during the second quarter. Keel Point LLC now owns 4,024 shares of the investment management company’s stock valued at $893,000 after acquiring an additional 18 shares during the last quarter. Blue Edge Capital LLC grew its position in Goldman Sachs Group by 0.6% during the second quarter. Blue Edge Capital LLC now owns 3,107 shares of the investment management company’s stock valued at $689,000 after acquiring an additional 20 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in Goldman Sachs Group by 0.9% during the second quarter. Moors & Cabot Inc. now owns 2,264 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 21 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on GS shares. 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. Vertical Group cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Royal Bank of Canada restated a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a report on Wednesday, November 15th. JPMorgan Chase & Co. restated a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Finally, Bank of America raised their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $256.75.
In related news, Director David A. Viniar sold 17,500 shares of Goldman Sachs Group stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $251.19, for a total value of $4,395,825.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider R. Martin Chavez sold 11,829 shares of Goldman Sachs Group stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $268.73, for a total transaction of $3,178,807.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,117 shares of company stock worth $22,141,755. 2.57% of the stock is currently owned by company insiders.
Shares of Goldman Sachs Group Inc (GS) opened at $263.40 on Thursday. The firm has a market cap of $99,916.91, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.95 and a beta of 1.37. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week 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.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.78. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.08 earnings per share. equities analysts expect that Goldman Sachs Group Inc will post 21.56 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 34.84%.
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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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