Rhumbline Advisers Buys 2,661 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Rhumbline Advisers boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 550,281 shares of the investment management company’s stock after acquiring an additional 2,661 shares during the period. Rhumbline Advisers’ holdings in The Goldman Sachs Group were worth $210,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Freedom Day Solutions LLC lifted its holdings in The Goldman Sachs Group by 0.9% in the fourth quarter. Freedom Day Solutions LLC now owns 3,205 shares of the investment management company’s stock worth $1,226,000 after buying an additional 29 shares during the period. Ancora Advisors LLC lifted its holdings in The Goldman Sachs Group by 1.2% in the third quarter. Ancora Advisors LLC now owns 2,471 shares of the investment management company’s stock worth $934,000 after buying an additional 30 shares during the period. Bank of Marin lifted its holdings in The Goldman Sachs Group by 3.6% in the third quarter. Bank of Marin now owns 872 shares of the investment management company’s stock worth $330,000 after buying an additional 30 shares during the period. Tower Wealth Partners Inc. lifted its holdings in The Goldman Sachs Group by 4.0% in the third quarter. Tower Wealth Partners Inc. now owns 777 shares of the investment management company’s stock worth $294,000 after buying an additional 30 shares during the period. Finally, Main Street Financial Solutions LLC lifted its holdings in The Goldman Sachs Group by 3.0% in the fourth quarter. Main Street Financial Solutions LLC now owns 1,037 shares of the investment management company’s stock worth $397,000 after buying an additional 30 shares during the period. Institutional investors own 71.42% of the company’s stock.

NYSE:GS traded up $7.58 during trading hours on Friday, reaching $306.99. The company had a trading volume of 2,152,474 shares, compared to its average volume of 2,818,463. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 2.47. The Goldman Sachs Group, Inc. has a 52 week low of $293.90 and a 52 week high of $426.16. The firm has a market cap of $105.44 billion, a price-to-earnings ratio of 5.96, a PEG ratio of 0.62 and a beta of 1.41. The firm’s 50 day moving average price is $324.85 and its 200-day moving average price is $359.77.

The Goldman Sachs Group (NYSE:GSGet Rating) last posted its earnings results on Thursday, April 14th. The investment management company reported $10.76 EPS for the quarter, topping analysts’ consensus estimates of $8.61 by $2.15. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 19.08%. The business had revenue of $12.93 billion during the quarter, compared to the consensus estimate of $11.76 billion. During the same quarter in the previous year, the firm posted $18.60 EPS. The firm’s revenue was down 26.9% on a year-over-year basis. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 37.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, May 31st. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.53%.

In other news, CEO David M. Solomon sold 9,768 shares of the business’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $334.57, for a total transaction of $3,268,079.76. Following the completion of the sale, the chief executive officer now owns 96,467 shares of the company’s stock, valued at approximately $32,274,964.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.

Several brokerages have commented on GS. Morgan Stanley lowered their price objective on shares of The Goldman Sachs Group from $445.00 to $418.00 and set an “equal weight” rating for the company in a report on Monday, March 28th. BMO Capital Markets lowered their target price on shares of The Goldman Sachs Group from $488.00 to $486.00 and set an “outperform” rating for the company in a report on Monday, April 18th. Bank of America lifted their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “neutral” rating in a report on Monday, April 18th. Barclays lowered their target price on shares of The Goldman Sachs Group from $556.00 to $505.00 and set an “overweight” rating for the company in a report on Wednesday, January 19th. Finally, JPMorgan Chase & Co. set a $416.00 target price on shares of The Goldman Sachs Group in a report on Friday, April 1st. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $441.31.

The Goldman Sachs Group Company Profile (Get Rating)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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

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