Retirement Systems of Alabama Lowers Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Retirement Systems of Alabama reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 232,271 shares of the investment management company’s stock after selling 2,670 shares during the quarter. Retirement Systems of Alabama owned 0.07% of The Goldman Sachs Group worth $89,603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cambridge Trust Co. lifted its holdings in shares of The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after buying an additional 41 shares during the period. Truvestments Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $42,000. Finally, CNB Bank lifted its holdings in shares of The Goldman Sachs Group by 55.7% in the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock valued at $53,000 after buying an additional 59 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 dated 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 sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated 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 sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value 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 approximately $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 1.8 %

Shares of NYSE:GS traded up $7.52 during midday trading on Friday, reaching $427.57. The company’s stock had a trading volume of 2,322,674 shares, compared to its average volume of 2,404,007. The firm has a market cap of $138.76 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $428.53. The business has a 50 day moving average price of $400.27 and a 200 day moving average price of $370.50.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.79 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Wall Street Analyst Weigh In

Several research firms have recently commented on GS. Bank of America raised their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. BMO Capital Markets lifted their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Oppenheimer lifted their price objective on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Edward Jones initiated coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating for the company. Finally, UBS Group lifted their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $434.93.

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.