Goldman Sachs Group Inc (GS) Holdings Trimmed by LS Investment Advisors LLC

LS Investment Advisors LLC reduced its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,889 shares of the investment management company’s stock after selling 2,470 shares during the quarter. LS Investment Advisors LLC’s holdings in Goldman Sachs Group were worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Goldman Sachs Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares in the last quarter. Capital World Investors lifted its holdings in shares of Goldman Sachs Group by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Goldman Sachs Group by 4.0% in the second quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Goldman Sachs Group by 15.1% in the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after purchasing an additional 727,698 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Goldman Sachs Group by 10.9% in the third quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock valued at $858,366,000 after purchasing an additional 356,956 shares in the last quarter. Institutional investors own 73.28% of the company’s stock.

In other Goldman Sachs Group news, insider R. Martin Chavez sold 11,829 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total transaction of $3,066,313.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Gregory K. Palm sold 4,620 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was 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 ninety days, insiders have sold 167,843 shares of company stock worth $41,855,427. 2.57% of the stock is currently owned by insiders.

Several analysts have issued reports on GS shares. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a report on Tuesday, November 7th. Bank of America upped their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Finally, Barclays upped their price objective on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $256.75.

Goldman Sachs Group Inc (NYSE:GS) opened at $249.30 on Monday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $94,036.34, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. Goldman Sachs Group Inc has a one year low of $209.62 and a one year high of $273.79.

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

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

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Goldman Sachs Group 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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