The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,182 shares of the investment management company’s stock after purchasing an additional 1,871 shares during the quarter. Russell Investments Group Ltd.’s holdings in The Goldman Sachs Group were worth $34,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Ieq Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 38.3% during the third quarter. Ieq Capital LLC now owns 14,564 shares of the investment management company’s stock valued at $4,268,000 after acquiring an additional 4,030 shares during the period. Caerus Investment Advisors LLC increased its position in The Goldman Sachs Group by 49.7% in the third quarter. Caerus Investment Advisors LLC now owns 1,507 shares of the investment management company’s stock worth $442,000 after purchasing an additional 500 shares during the period. First Republic Investment Management Inc. grew its position in shares of The Goldman Sachs Group by 19.4% during the 3rd quarter. First Republic Investment Management Inc. now owns 205,115 shares of the investment management company’s stock worth $60,109,000 after buying an additional 33,382 shares during the period. Citizens Business Bank acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $3,354,000. Finally, Maj Invest Holding A S grew its position in shares of The Goldman Sachs Group by 140,326.4% during the 3rd quarter. Maj Invest Holding A S now owns 702,132 shares of the investment management company’s stock worth $205,761,000 after buying an additional 701,632 shares during the period. 69.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wolfe Research lowered The Goldman Sachs Group from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 4th. Morgan Stanley decreased their target price on The Goldman Sachs Group from $356.00 to $332.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 18th. Odeon Capital Group upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $370.14 price objective on the stock in a report on Tuesday, January 10th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $385.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, December 6th. Finally, Oppenheimer lowered their price target on The Goldman Sachs Group from $512.00 to $492.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $396.83.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 147,816 shares of the stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $22.20, for a total value of $3,281,515.20. Following the transaction, the director now owns 1,070,982 shares in the company, valued at $23,775,800.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Goldman Sachs Group Inc sold 147,816 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $22.20, for a total value of $3,281,515.20. Following the transaction, the director now owns 1,070,982 shares in the company, valued at $23,775,800.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 7,400 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $341.16, for a total value of $2,524,584.00. Following the completion of the transaction, the chief executive officer now owns 115,019 shares in the company, valued at approximately $39,239,882.04. The disclosure for this sale can be found here. Insiders sold 4,847,711 shares of company stock valued at $117,408,700 over the last 90 days. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Down 0.2 %

Shares of GS stock opened at $348.33 on Wednesday. The stock has a market cap of $116.66 billion, a price-to-earnings ratio of 11.59 and a beta of 1.41. The stock has a 50-day moving average of $360.80 and a 200-day moving average of $339.84. The company has a current ratio of 1.18, a quick ratio of 0.84 and a debt-to-equity ratio of 2.11. The Goldman Sachs Group, Inc. has a 1-year low of $277.84 and a 1-year high of $389.58.

The Goldman Sachs Group (NYSE:GSGet Rating) last issued its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 earnings per share for the quarter, missing the consensus estimate of $5.25 by ($1.93). The company had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.30%. The company’s quarterly revenue was down 16.2% on a year-over-year basis. During the same period in the previous year, the company posted $10.81 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 33.71 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 2nd will be paid a dividend of $2.50 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $10.00 annualized dividend and a yield of 2.87%. The Goldman Sachs Group’s dividend payout ratio is currently 33.27%.

About The Goldman Sachs Group

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The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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

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