Stephens Inc. AR trimmed its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,661 shares of the investment management company’s stock after selling 237 shares during the quarter. Stephens Inc. AR’s holdings in Goldman Sachs Group were worth $2,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Janus Henderson Group PLC grew its stake in Goldman Sachs Group by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after purchasing an additional 2,416,970 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Goldman Sachs Group by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after acquiring an additional 1,152,869 shares in the last quarter. Balyasny Asset Management LLC boosted its position in shares of Goldman Sachs Group by 1,654.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock worth $229,595,000 after acquiring an additional 975,690 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Goldman Sachs Group by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after acquiring an additional 727,698 shares in the last quarter. Finally, Capital World Investors boosted its position in shares of Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after acquiring an additional 726,582 shares in the last quarter. 73.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group Inc (GS) opened at $246.35 on Friday. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $273.79. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $92,920.00, a PE ratio of 28.41, a PEG ratio of 0.93 and a beta of 1.37.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is currently 34.60%.

Several research analysts have recently issued reports on the company. Vetr raised Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price objective for the company in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, October 19th. BMO Capital Markets lowered their price objective on Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a research report on Thursday, January 18th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Finally, Vertical Group cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $256.75.

In other Goldman Sachs Group news, insider David M. Solomon sold 2,400 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Pablo J. Salame sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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. Insiders sold a total of 158,414 shares of company stock valued at $39,361,490 over the last three months. Company insiders own 2.57% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Stephens Inc. AR Has $2.21 Million Position in Goldman Sachs Group Inc (GS)” was published by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.dailypolitical.com/2018/02/09/stephens-inc-ar-has-2-21-million-position-in-goldman-sachs-group-inc-gs.html.

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).

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

Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.