Cetera Investment Advisers increased its stake in Goldman Sachs Group Inc (NYSE:GS) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 4,775 shares of the investment management company’s stock after purchasing an additional 250 shares during the period. Cetera Investment Advisers’ holdings in Goldman Sachs Group were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GS. Janus Henderson Group PLC boosted its stake in Goldman Sachs Group by 4,096.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after purchasing an additional 2,416,970 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Goldman Sachs Group by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after acquiring an additional 1,152,869 shares during the period. Balyasny Asset Management LLC lifted its stake in Goldman Sachs Group by 1,654.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after acquiring an additional 975,690 shares during the period. Jennison Associates LLC lifted its stake in Goldman Sachs Group by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after acquiring an additional 727,698 shares during the period. Finally, Capital World Investors lifted its stake in Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after acquiring an additional 726,582 shares during the period. Institutional investors own 73.28% of the company’s stock.

In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 5,718 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,366,544.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory K. Palm sold 4,620 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,843 shares of company stock worth $41,855,427. Corporate insiders own 2.57% of the company’s stock.

Goldman Sachs Group Inc (NYSE GS) opened at $255.53 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The firm has a market cap of $95,492.34, a PE ratio of 12.79, a PEG ratio of 0.91 and a beta of 1.37. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $273.79.

Goldman Sachs Group (NYSE:GS) last announced 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 firm 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 company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.08 EPS. analysts expect that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. Goldman Sachs Group’s payout ratio is 34.84%.

Several brokerages have commented on GS. Vetr cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 price objective for the company. in a research note on Wednesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, October 19th. BMO Capital Markets decreased their price objective on shares of Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a research note on Thursday, January 18th. Wells Fargo & Co restated an “outperform” rating and set a $320.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Finally, Bank of America restated a “buy” rating and set a $300.00 price objective (up from $249.30) on shares of Goldman Sachs Group in a research note on Monday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $256.75.

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

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