MassMutual Private Wealth & Trust FSB Lowers Position in The Goldman Sachs Group, Inc. $GS

MassMutual Private Wealth & Trust FSB lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,309 shares of the investment management company’s stock after selling 1,160 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in The Goldman Sachs Group were worth $14,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at about $26,000. First PREMIER Bank purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $28,000. Corundum Trust Company INC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $29,000. Elevation Wealth Partners LLC raised its stake in The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares during the period. Finally, Graney & King LLC raised its stake in The Goldman Sachs Group by 51.5% during the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after acquiring an additional 17 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the subject of a number of recent analyst reports. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Daiwa Securities Group raised their price objective on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday, December 22nd. HSBC increased their price target on The Goldman Sachs Group from $742.00 to $802.00 in a research note on Friday, February 6th. Finally, Autonomous Res lowered their price objective on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $919.29.

Check Out Our Latest Stock Report on The Goldman Sachs Group

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The Goldman Sachs Group Stock Performance

GS opened at $813.55 on Friday. The stock has a market capitalization of $241.42 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 0.99 and a beta of 1.34. The company has a fifty day moving average of $897.10 and a 200 day moving average of $845.03. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $984.70. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the previous year, the company earned $11.95 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 2.2%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s payout ratio is presently 35.09%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CEO David M. Solomon sold 272 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $938.92, for a total value of $255,386.24. Following the sale, the chief executive officer owned 125,527 shares of the company’s stock, valued at $117,859,810.84. The trade was a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alex S. Golten sold 1,092 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. The SEC filing for this sale provides additional information. Insiders sold 117,283 shares of company stock valued at $112,016,033 in the last ninety days. Company insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

(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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