The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Increased by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 189,162 shares of the investment management company’s stock after purchasing an additional 1,998 shares during the quarter. Clearbridge Investments LLC’s holdings in The Goldman Sachs Group were worth $72,973,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GS. Albert D Mason Inc. grew its holdings in shares of The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after acquiring an additional 27 shares during the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 1.4% during the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the last quarter. Avitas Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 0.7% in the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares during the period. Addison Advisors LLC increased its stake in The Goldman Sachs Group by 7.5% in the 4th quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock worth $160,000 after purchasing an additional 29 shares in the last quarter. Finally, Invst LLC raised its holdings in The Goldman Sachs Group by 0.7% during the 4th quarter. Invst LLC now owns 4,425 shares of the investment management company’s stock worth $1,703,000 after buying an additional 29 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website. In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,330 shares of company stock valued at $11,713,578. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $468.31 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $471.48. The company has a market cap of $151.01 billion, a P/E ratio of 18.37, a P/E/G ratio of 1.44 and a beta of 1.40. The business’s 50 day moving average is $420.88 and its two-hundred day moving average is $388.25. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The Goldman Sachs Group’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.79 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.35%. The Goldman Sachs Group’s payout ratio is 42.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on GS shares. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. BMO Capital Markets raised their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Citigroup increased their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, JMP Securities lifted their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $440.57.

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.