The Goldman Sachs Group, Inc. $GS Shares Acquired by Leuthold Group LLC

Leuthold Group LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,953 shares of the investment management company’s stock after purchasing an additional 568 shares during the quarter. The Goldman Sachs Group makes up about 1.6% of Leuthold Group LLC’s investment portfolio, making the stock its 9th largest position. Leuthold Group LLC’s holdings in The Goldman Sachs Group were worth $14,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilliland Jeter Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 3.5% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock valued at $309,000 after purchasing an additional 13 shares during the last quarter. EWA LLC lifted its stake in The Goldman Sachs Group by 2.2% in the 3rd quarter. EWA LLC now owns 612 shares of the investment management company’s stock valued at $488,000 after buying an additional 13 shares in the last quarter. Carrera Capital Advisors grew its holdings in The Goldman Sachs Group by 3.5% during the 3rd quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock valued at $306,000 after buying an additional 13 shares during the last quarter. Centerpoint Advisors LLC increased its position in The Goldman Sachs Group by 1.5% during the third quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock worth $687,000 after buying an additional 13 shares in the last quarter. Finally, Avion Wealth increased its position in The Goldman Sachs Group by 31.1% during the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.3%

Shares of GS stock opened at $945.93 on Thursday. The firm’s 50-day simple moving average is $916.78 and its 200-day simple moving average is $821.46. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70. The firm has a market cap of $283.71 billion, a P/E ratio of 18.44, a PEG ratio of 1.16 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The Goldman Sachs Group’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $11.95 earnings per share. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is 35.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GS. Rothschild & Co Redburn increased their price objective on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Citigroup lifted their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Royal Bank Of Canada boosted their price objective on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $916.86.

Get Our Latest Analysis on GS

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Activity

In other The Goldman Sachs Group news, CEO David M. Solomon sold 272 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the sale, the chief executive officer directly owned 125,527 shares in the company, valued at $117,859,810.84. This represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the transaction, the treasurer directly owned 2,017 shares in the company, valued at $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,428 shares of company stock valued at $96,805,313 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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