Essex LLC decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,023 shares of the investment management company's stock after selling 2,010 shares during the period. The Goldman Sachs Group makes up 2.8% of Essex LLC's portfolio, making the stock its 9th biggest holding. Essex LLC's holdings in The Goldman Sachs Group were worth $13,184,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $26,000. West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $30,000. DT Investment Partners LLC grew its stake in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after buying an additional 33 shares in the last quarter. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group in the third quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $38,000. 71.21% of the stock is currently owned by institutional investors.
NYSE GS opened at $655.76 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $375.20 and a twelve month high of $663.87. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $203.58 billion, a P/E ratio of 16.17, a PEG ratio of 0.91 and a beta of 1.39. The company's 50-day simple moving average is $600.00 and its 200 day simple moving average is $546.46.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $12.36 billion. During the same period in the prior year, the firm posted $5.48 EPS. The Goldman Sachs Group's quarterly revenue was up 22.5% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.83%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.
A number of research firms have recently weighed in on GS. Barclays raised their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Bank of America upped their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Evercore ISI boosted their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Oppenheimer lowered their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $591.06.
Read Our Latest Report on The Goldman Sachs Group
In related news, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares of the company's stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is currently owned by insiders.
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.
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