Chevy Chase Trust Holdings LLC Has $199.16 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Chevy Chase Trust Holdings LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 679,628 shares of the investment management company’s stock after buying an additional 32,274 shares during the quarter. The Goldman Sachs Group comprises approximately 0.9% of Chevy Chase Trust Holdings LLC’s investment portfolio, making the stock its 17th largest holding. Chevy Chase Trust Holdings LLC owned about 0.20% of The Goldman Sachs Group worth $199,164,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Fairfield Bush & CO. bought a new position in The Goldman Sachs Group during the 1st quarter valued at $66,000. Candriam Luxembourg S.C.A. boosted its holdings in shares of The Goldman Sachs Group by 1,505.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after buying an additional 38,727 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of The Goldman Sachs Group by 18.5% in the 1st quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after buying an additional 18,540 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of The Goldman Sachs Group by 79.4% in the 1st quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock worth $273,000 after buying an additional 366 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in The Goldman Sachs Group by 118.3% during the first quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 69.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GS. Wells Fargo & Company dropped their price objective on shares of The Goldman Sachs Group from $400.00 to $390.00 and set an “overweight” rating on the stock in a report on Wednesday, January 18th. Keefe, Bruyette & Woods upgraded shares of The Goldman Sachs Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $395.00 to $429.00 in a research report on Thursday, October 6th. JMP Securities upped their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 11th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $385.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, December 6th. Finally, StockNews.com began coverage on shares of The Goldman Sachs Group in a report on Wednesday, October 12th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $396.83.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $345.50 on Wednesday. The firm’s 50-day moving average is $360.80 and its two-hundred day moving average is $339.84. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.18 and a quick ratio of 0.84. The Goldman Sachs Group, Inc. has a 12-month low of $277.84 and a 12-month high of $389.58. The stock has a market capitalization of $115.71 billion, a P/E ratio of 11.59 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its quarterly earnings data on Tuesday, January 17th. The investment management company reported $3.32 earnings per share for the quarter, missing analysts’ consensus estimates of $5.25 by ($1.93). The Goldman Sachs Group had a return on equity of 10.30% and a net margin of 16.39%. The firm had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.91 billion. During the same period last year, the business earned $10.81 EPS. The firm’s revenue was down 16.2% on a year-over-year basis. Equities analysts predict that The Goldman Sachs Group, Inc. will post 33.71 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 2nd will be issued a dividend of $2.50 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $10.00 dividend on an annualized basis and a yield of 2.89%. The Goldman Sachs Group’s dividend payout ratio is 33.27%.

Insider Buying and Selling

In related news, insider Ericka T. Leslie sold 215 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $380.00, for a total value of $81,700.00. Following the sale, the insider now owns 8,190 shares of the company’s stock, valued at $3,112,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Ericka T. Leslie sold 215 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $380.00, for a total value of $81,700.00. Following the completion of the transaction, the insider now directly owns 8,190 shares in the company, valued at approximately $3,112,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Goldman Sachs Group Inc sold 147,816 shares of the stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $22.20, for a total value of $3,281,515.20. Following the sale, the director now owns 1,070,982 shares of the company’s stock, valued at $23,775,800.40. The disclosure for this sale can be found here. Insiders sold a total of 4,847,711 shares of company stock valued at $117,408,700 over the last three months. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Company Profile

(Get Rating)

The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

Featured Stories

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.