The Goldman Sachs Group, Inc. $GS is Fisher Asset Management LLC’s 8th Largest Position

Fisher Asset Management LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,661,422 shares of the investment management company’s stock after purchasing an additional 121,676 shares during the period. The Goldman Sachs Group accounts for about 1.9% of Fisher Asset Management LLC’s holdings, making the stock its 8th biggest position. Fisher Asset Management LLC owned approximately 2.22% of The Goldman Sachs Group worth $5,304,824,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GS. Brighton Jones LLC boosted its stake in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after acquiring an additional 735 shares during the period. Schnieders Capital Management LLC. boosted its position in The Goldman Sachs Group by 9.3% in the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after purchasing an additional 70 shares during the last quarter. Finally, Assetmark Inc. grew its stake in The Goldman Sachs Group by 10.7% in the 2nd quarter. Assetmark Inc. now owns 17,572 shares of the investment management company’s stock valued at $12,437,000 after purchasing an additional 1,701 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $857.90 on Monday. The firm’s 50 day moving average is $924.23 and its 200 day moving average is $837.57. The stock has a market capitalization of $254.58 billion, a P/E ratio of 16.73, a PEG ratio of 1.06 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the previous year, the firm posted $11.95 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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 dividend of $4.50 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a yield of 2.1%. The Goldman Sachs Group’s payout ratio is currently 31.20%.

Trending Headlines about The Goldman Sachs Group

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

Analysts Set New Price Targets

GS has been the topic of a number of recent analyst reports. Barclays lifted their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Evercore restated an “outperform” rating on shares of The Goldman Sachs Group in a report on Friday, January 16th. Jefferies Financial Group boosted their target price on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. UBS Group reissued a “neutral” rating and set a $990.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, February 4th. Finally, BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $916.86.

Read Our Latest Stock Report on GS

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 13,151 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the transaction, the executive vice president directly owned 39,007 shares of the company’s stock, valued at $37,408,883.21. This trade represents a 25.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Solomon sold 272 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total transaction of $255,386.24. Following the transaction, the chief executive officer owned 125,527 shares of the company’s stock, valued at $117,859,810.84. This trade represents a 0.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 117,283 shares of company stock worth $112,016,033. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group 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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