Vestmark Advisory Solutions Inc. Boosts Position in The Goldman Sachs Group, Inc. $GS

Vestmark Advisory Solutions Inc. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,873 shares of the investment management company’s stock after acquiring an additional 771 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in The Goldman Sachs Group were worth $7,863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GS. Harbor Capital Advisors Inc. purchased a new position in The Goldman Sachs Group during the third quarter worth approximately $26,000. First PREMIER Bank acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at about $28,000. Corundum Trust Company INC purchased a new position in The Goldman Sachs Group in the 3rd quarter worth approximately $29,000. Elevation Wealth Partners LLC boosted its holdings in shares of 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 purchasing an additional 20 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $922.03 on Monday. The stock’s 50-day moving average is $922.42 and its two-hundred day moving average is $831.56. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70. The firm has a market cap of $276.54 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.13 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $11.95 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is 31.20%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Argus raised their price target on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a report on Friday, January 16th. UBS Group reiterated a “neutral” rating and issued a $990.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, February 4th. Barclays increased their price target on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Jefferies Financial Group upped their target price on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $916.86.

Check Out Our Latest Analysis on The Goldman Sachs Group

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 9,589 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the completion of the sale, the insider directly owned 18,533 shares of the company’s stock, valued at approximately $17,189,542.83. This trade represents a 34.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $965.33, for a total value of $43,439,850.00. Following the completion of the transaction, the director owned 555,000 shares in the company, valued at $535,758,150. This trade represents a 7.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 117,283 shares of company stock worth $112,016,033 over the last three months. 0.55% of the stock is currently owned by company insiders.

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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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