Channing Capital Management LLC Has $8.55 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Channing Capital Management LLC reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,161 shares of the investment management company’s stock after selling 844 shares during the period. Channing Capital Management LLC’s holdings in The Goldman Sachs Group were worth $8,549,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 33.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 895 shares of the investment management company’s stock valued at $290,000 after acquiring an additional 225 shares in the last quarter. Brown Advisory Inc. boosted its position in The Goldman Sachs Group by 15.6% during the third quarter. Brown Advisory Inc. now owns 13,462 shares of the investment management company’s stock valued at $4,356,000 after purchasing an additional 1,812 shares during the last quarter. Concord Wealth Partners grew its stake in The Goldman Sachs Group by 26.1% in the third quarter. Concord Wealth Partners now owns 2,515 shares of the investment management company’s stock valued at $814,000 after purchasing an additional 521 shares in the last quarter. Hixon Zuercher LLC increased its position in The Goldman Sachs Group by 4.6% in the 3rd quarter. Hixon Zuercher LLC now owns 11,617 shares of the investment management company’s stock worth $3,759,000 after purchasing an additional 516 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of The Goldman Sachs Group by 15.0% during the 3rd quarter. Lindbrook Capital LLC now owns 652 shares of the investment management company’s stock worth $211,000 after purchasing an additional 85 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GS has been the topic of several recent research reports. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a research report on Tuesday, April 16th. Edward Jones began coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Oppenheimer raised their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Finally, BMO Capital Markets upped their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $437.04.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold 29,330 shares of company stock valued at $11,713,578 in the last three months. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Price Performance

GS stock traded up $5.61 during trading on Friday, hitting $438.18. The company had a trading volume of 2,406,445 shares, compared to its average volume of 2,599,859. The company has a fifty day moving average price of $404.59 and a two-hundred day moving average price of $375.20. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $442.30. The company has a market cap of $142.20 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.38 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $8.79 EPS. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.