The Goldman Sachs Group, Inc. $GS Shares Purchased by Jennison Associates LLC

Jennison Associates LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 960,688 shares of the investment management company’s stock after buying an additional 9,980 shares during the quarter. Jennison Associates LLC’s holdings in The Goldman Sachs Group were worth $765,044,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GS. Brighton Jones LLC increased its holdings in The Goldman Sachs Group by 17.1% in 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 grew its position in shares of The Goldman Sachs Group by 7.0% in the fourth 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 during the period. Sivia Capital Partners LLC increased its stake in shares of The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after purchasing an additional 735 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth about $255,000. Finally, Norden Group LLC lifted its stake in The Goldman Sachs Group by 13.0% in the 2nd quarter. Norden Group LLC now owns 811 shares of the investment management company’s stock valued at $574,000 after buying an additional 93 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about The Goldman Sachs Group

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Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 19,796 shares of The Goldman Sachs Group stock in a transaction on Friday, January 16th. The stock was sold at an average price of $964.27, for a total value of $19,088,688.92. Following the sale, the director owned 103,390 shares in the company, valued at $99,695,875.30. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 68,186 shares of company stock worth $65,820,670 over the last ninety days. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Down 3.6%

Shares of GS stock opened at $919.82 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company’s 50-day moving average price is $882.31 and its 200-day moving average price is $800.42. The stock has a market cap of $275.88 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.15 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The Goldman Sachs Group’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.95 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

Wall Street Analyst Weigh In

Several research firms have commented on GS. Deutsche Bank Aktiengesellschaft boosted their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Royal Bank Of Canada boosted their price target on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Jefferies Financial Group increased their price objective on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Citigroup increased 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $898.00.

Get Our Latest Report on GS

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.

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

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