Sterling Investment Management LLC Has $1.93 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Sterling Investment Management LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,999 shares of the investment management company’s stock after selling 99 shares during the quarter. The Goldman Sachs Group comprises 1.4% of Sterling Investment Management LLC’s holdings, making the stock its 24th largest holding. Sterling Investment Management LLC’s holdings in The Goldman Sachs Group were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new position in The Goldman Sachs Group in the first quarter valued at approximately $66,000. Candriam Luxembourg S.C.A. grew its holdings in The Goldman Sachs Group by 1,505.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after buying an additional 38,727 shares in the last quarter. Baird Financial Group Inc. grew its holdings in The Goldman Sachs Group by 18.5% during the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after buying an additional 18,540 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in The Goldman Sachs Group by 79.4% during the first quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock worth $273,000 after buying an additional 366 shares in the last quarter. Finally, Covestor Ltd grew its holdings in The Goldman Sachs Group by 118.3% during the first quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after buying an additional 168 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares of the company’s stock, valued at approximately $3,809,443.19. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at approximately $3,809,443.19. The disclosure for this sale can be found here. Insiders have sold a total of 38,907 shares of company stock worth $15,080,021 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GS. UBS Group upped their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Barclays upped their price target on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $440.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $390.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $407.75.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $415.21 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $416.76. The stock has a market cap of $134.75 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.42. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The company’s fifty day moving average price is $387.82 and its 200-day moving average price is $357.13.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business posted $3.32 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, February 28th. The Goldman Sachs Group’s payout ratio is 48.20%.

About The Goldman Sachs Group

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.