Securian Asset Management Inc. Sells 1,441 Shares of The Goldman Sachs Group, Inc. $GS

Securian Asset Management Inc. lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 9.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,602 shares of the investment management company’s stock after selling 1,441 shares during the quarter. Securian Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $11,628,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at $547,000. Signature Estate & Investment Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 4.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,426 shares of the investment management company’s stock worth $779,000 after buying an additional 55 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of The Goldman Sachs Group by 1.4% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,605 shares of the investment management company’s stock worth $3,608,000 after buying an additional 90 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley decreased their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a report on Tuesday, October 21st. Royal Bank Of Canada increased their price objective on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research note on Friday, December 12th. Citigroup raised their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Daiwa Capital Markets raised their price objective on The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $852.28.

Get Our Latest Research Report on GS

Key Headlines Impacting The Goldman Sachs Group

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The Goldman Sachs Group Stock Up 0.7%

Shares of NYSE GS opened at $955.05 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $961.69. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $843.27 and its 200-day moving average price is $778.94. The company has a market capitalization of $286.45 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the prior year, the firm posted $8.40 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 32.50%.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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