MML Investors Services LLC Purchases 6,731 Shares of The Goldman Sachs Group, Inc. $GS

MML Investors Services LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.3% during the 4th quarter, Holdings Channel reports. The firm owned 98,479 shares of the investment management company’s stock after buying an additional 6,731 shares during the quarter. MML Investors Services LLC’s holdings in The Goldman Sachs Group were worth $86,563,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dagco Inc. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $25,000. Manning & Napier Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $31,000. Cornerstone Financial Management LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $33,000. Finally, Entrust Financial LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $34,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.0%

Shares of NYSE GS opened at $1,062.44 on Monday. The firm’s 50-day simple moving average is $957.30 and its 200 day simple moving average is $910.70. The company has a market cap of $313.43 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a 12-month low of $609.59 and a 12-month high of $1,098.36.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the prior year, the company posted $14.12 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the transaction, the insider directly owned 15,657 shares in the company, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the transaction, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GS has been the topic of several analyst reports. UBS Group upped their target price on shares of The Goldman Sachs Group from $930.00 to $940.00 in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday. Daiwa Securities Group upped their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. BNP Paribas Exane reduced their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Finally, Evercore reduced their price target on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Nine investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $941.82.

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The Goldman Sachs Group News Summary

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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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