Bokf Na Has $19.14 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Bokf Na trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,040 shares of the investment management company’s stock after selling 1,437 shares during the period. Bokf Na’s holdings in The Goldman Sachs Group were worth $19,144,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GS. Hartline Investment Corp raised its holdings in The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after buying an additional 860 shares in the last quarter. A4 Wealth Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $940,000. Stevens Capital Management LP acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at about $1,392,000. Meridian Wealth Management LLC increased its holdings in shares of The Goldman Sachs Group by 39.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after acquiring an additional 659 shares during the last quarter. Finally, AlTi Global Inc. raised its stake in shares of The Goldman Sachs Group by 87.3% in the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after acquiring an additional 13,879 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

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The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $823.24 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The business’s 50 day moving average is $915.29 and its two-hundred day moving average is $843.11. The company has a market cap of $244.30 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.02 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The Goldman Sachs Group’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $11.95 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GS. Rothschild & Co Redburn boosted their target price on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Argus boosted their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $815.00 to $826.00 and gave the stock a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $919.29.

Get Our Latest Stock Report on The Goldman Sachs Group

Insider Transactions at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 1,092 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $936.89, for a total transaction of $1,023,083.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 272 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the sale, the chief executive officer owned 125,527 shares of the company’s stock, valued at approximately $117,859,810.84. The trade was a 0.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group 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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