Public Employees Retirement Association of Colorado increased its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 4.2% during the fourth quarter, Holdings Channel reports. The fund owned 66,354 shares of the investment management company’s stock after purchasing an additional 2,690 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Goldman Sachs Group were worth $16,904,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tradition Capital Management LLC lifted its stake in shares of Goldman Sachs Group by 1.7% in the 2nd quarter. Tradition Capital Management LLC now owns 11,125 shares of the investment management company’s stock valued at $2,469,000 after purchasing an additional 181 shares during the period. Sterling Investment Advisors Ltd. lifted its stake in shares of Goldman Sachs Group by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the period. Calamos Wealth Management LLC lifted its stake in shares of Goldman Sachs Group by 34.5% in the 2nd quarter. Calamos Wealth Management LLC now owns 21,608 shares of the investment management company’s stock valued at $4,795,000 after purchasing an additional 5,542 shares during the period. Heritage Trust Co lifted its stake in shares of Goldman Sachs Group by 25.3% in the 2nd quarter. Heritage Trust Co now owns 3,190 shares of the investment management company’s stock valued at $708,000 after purchasing an additional 645 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in shares of Goldman Sachs Group by 24.4% in the 2nd quarter. Manchester Capital Management LLC now owns 968 shares of the investment management company’s stock valued at $215,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 73.52% of the company’s stock.
Several analysts recently commented on GS shares. Instinet reaffirmed an “outperform” rating and set a $225.00 price objective (down previously from $238.00) on shares of Goldman Sachs Group in a research note on Thursday, January 4th. Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Vining Sparks reaffirmed a “hold” rating and set a $270.00 price objective on shares of Goldman Sachs Group in a research note on Monday, January 8th. Barclays raised their price objective on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Societe Generale set a $198.00 price objective on Goldman Sachs Group and gave the stock a “sell” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $256.20.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.08 EPS. equities analysts forecast that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 34.84%.
In other Goldman Sachs Group news, insider David M. Solomon sold 21,252 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $271.65, for a total transaction of $5,773,105.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Pablo J. Salame sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $270.42, for a total value of $2,704,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,414 shares of company stock valued at $39,361,490. Corporate insiders own 2.57% of the company’s stock.
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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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