Meyer Handelman Co. lowered its stake in Goldman Sachs Group Inc (NYSE:GS) by 48.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,600 shares of the investment management company’s stock after selling 23,056 shares during the quarter. Meyer Handelman Co.’s holdings in Goldman Sachs Group were worth $6,267,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position 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 valued at $549,415,000 after acquiring an additional 2,416,970 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Goldman Sachs Group by 47.1% in 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 in the last quarter. Balyasny Asset Management LLC lifted its position in Goldman Sachs Group by 1,654.0% in 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 in the last quarter. Jennison Associates LLC lifted its position in Goldman Sachs Group by 15.1% in 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 in the last quarter. Finally, Capital World Investors lifted its position in Goldman Sachs Group by 10.5% in 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 in the last quarter. Institutional investors own 73.52% of the company’s stock.

In related news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David M. Solomon sold 21,252 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $271.65, for a total value of $5,773,105.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 170,243 shares of company stock worth $42,427,803. 2.57% of the stock is owned by insiders.

Several equities analysts recently issued reports on the company. Vetr raised Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price objective on the stock in a research report on Thursday. Morgan Stanley increased their price target on Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Wells Fargo & Co reissued an “outperform” rating and set a $320.00 price target on shares of Goldman Sachs Group in a report on Thursday, January 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $260.00 price target on shares of Goldman Sachs Group in a report on Thursday, January 18th. Finally, Barclays reissued an “equal weight” rating and set a $289.00 price target (down from $308.00) on shares of Goldman Sachs Group in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $256.75.

Goldman Sachs Group Inc (NYSE GS) opened at $249.30 on Friday. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $273.79. The company has a market capitalization of $94,036.46, a price-to-earnings ratio of 28.95, a P/E/G ratio of 0.90 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same period last year, the firm earned $5.08 EPS. Goldman Sachs Group’s revenue for the quarter was down 4.2% compared to the same quarter last year. analysts anticipate that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.20%. Goldman Sachs Group’s dividend payout ratio is currently 34.84%.

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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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