CenturyLink Investment Management Co lessened its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,622 shares of the investment management company’s stock after selling 873 shares during the period. Goldman Sachs Group comprises approximately 0.7% of CenturyLink Investment Management Co’s investment portfolio, making the stock its 28th biggest position. CenturyLink Investment Management Co’s holdings in Goldman Sachs Group were worth $1,902,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in GS. Landscape Capital Management L.L.C. purchased a new position in shares of Goldman Sachs Group during the fourth quarter valued at approximately $621,000. AXA boosted its holdings in shares of Goldman Sachs Group by 3.2% in the fourth quarter. AXA now owns 110,830 shares of the investment management company’s stock valued at $28,236,000 after purchasing an additional 3,475 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Goldman Sachs Group by 348.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 411,036 shares of the investment management company’s stock valued at $104,714,000 after purchasing an additional 319,286 shares during the period. ETRADE Capital Management LLC boosted its holdings in shares of Goldman Sachs Group by 43.0% in the fourth quarter. ETRADE Capital Management LLC now owns 3,886 shares of the investment management company’s stock valued at $990,000 after purchasing an additional 1,169 shares during the period. Finally, Profund Advisors LLC boosted its holdings in shares of Goldman Sachs Group by 30.3% in the fourth quarter. Profund Advisors LLC now owns 19,497 shares of the investment management company’s stock valued at $4,967,000 after purchasing an additional 4,532 shares during the period. Institutional investors and hedge funds own 72.44% of the company’s stock.
A number of analysts recently issued reports on GS shares. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $280.00 price target on shares of Goldman Sachs Group in a report on Thursday, March 15th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $294.00 price target for the company in a report on Tuesday, March 20th. Wells Fargo & Co set a $330.00 price target on Goldman Sachs Group and gave the company a “buy” rating in a report on Sunday, April 8th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Goldman Sachs Group in a report on Wednesday, April 18th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $245.00 price target (up previously from $221.00) on shares of Goldman Sachs Group in a report on Wednesday, April 18th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $265.26.
Goldman Sachs Group traded down $0.01, reaching $220.37, during trading hours on Thursday, MarketBeat reports. The company’s stock had a trading volume of 148,615 shares, compared to its average volume of 2,817,271. The company has a market capitalization of $83.24 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.76 and a beta of 1.31. Goldman Sachs Group Inc has a 12 month low of $214.64 and a 12 month high of $275.31. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.12.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, April 17th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.58 by $1.37. The business had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $8.73 billion. Goldman Sachs Group had a return on equity of 12.58% and a net margin of 14.27%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.15 earnings per share. sell-side analysts expect that Goldman Sachs Group Inc will post 23.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 28th. Stockholders of record on Thursday, May 31st were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, May 30th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.45%. Goldman Sachs Group’s dividend payout ratio is presently 16.19%.
In other news, insider David M. Solomon sold 3,497 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $244.40, for a total transaction of $854,666.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.57% of the company’s stock.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.