The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Cut by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,554 shares of the investment management company’s stock after selling 208 shares during the quarter. The Goldman Sachs Group comprises about 4.0% of Asahi Life Asset Management CO. LTD.’s investment portfolio, making the stock its 4th largest position. Asahi Life Asset Management CO. LTD.’s holdings in The Goldman Sachs Group were worth $13,057,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GS. Rosenberg Matthew Hamilton raised its stake in shares of The Goldman Sachs Group by 8.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,003 shares of the investment management company’s stock valued at $294,000 after acquiring an additional 74 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in shares of The Goldman Sachs Group by 8.4% in the second quarter. Vestmark Advisory Solutions Inc. now owns 3,759 shares of the investment management company’s stock valued at $1,117,000 after acquiring an additional 292 shares during the period. Asset Management One Co. Ltd. increased its stake in The Goldman Sachs Group by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 212,517 shares of the investment management company’s stock worth $62,278,000 after buying an additional 6,368 shares during the period. TIAA FSB purchased a new position in The Goldman Sachs Group in the 2nd quarter worth about $1,874,000. Finally, Investment Partners LTD. increased its stake in The Goldman Sachs Group by 66.6% in the 3rd quarter. Investment Partners LTD. now owns 2,186 shares of the investment management company’s stock worth $641,000 after buying an additional 874 shares during the period. Hedge funds and other institutional investors own 69.09% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded down $1.74 during midday trading on Wednesday, hitting $346.59. The company had a trading volume of 336,277 shares, compared to its average volume of 3,819,386. The stock has a market cap of $116.08 billion, a price-to-earnings ratio of 11.59 and a beta of 1.41. The company has a quick ratio of 0.84, a current ratio of 1.18 and a debt-to-equity ratio of 2.11. The company has a fifty day simple moving average of $360.80 and a 200 day simple moving average of $339.84. The Goldman Sachs Group, Inc. has a 12-month low of $277.84 and a 12-month high of $389.58.

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

The Goldman Sachs Group Dividend Announcement

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

Analysts Set New Price Targets

GS has been the topic of several recent analyst reports. UBS Group raised their price target on shares of The Goldman Sachs Group from $325.00 to $350.00 and gave the stock a “neutral” rating in a research note on Monday, January 9th. JMP Securities raised their price target on shares of 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. Wolfe Research downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 4th. Keefe, Bruyette & Woods raised shares of The Goldman Sachs Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $395.00 to $429.00 in a research note on Thursday, October 6th. Finally, Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $356.00 to $332.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $396.83.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 147,816 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $22.20, for a total transaction of $3,281,515.20. Following the completion of the transaction, the director now directly owns 1,070,982 shares of the company’s stock, valued at approximately $23,775,800.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 147,816 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $22.20, for a total transaction of $3,281,515.20. Following the completion of the transaction, the director now directly owns 1,070,982 shares of the company’s stock, valued at approximately $23,775,800.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John E. Waldron sold 3,371 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $385.98, for a total transaction of $1,301,138.58. Following the transaction, the chief operating officer now directly owns 76,683 shares of the company’s stock, valued at $29,598,104.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,847,711 shares of company stock valued at $117,408,700. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Company Profile

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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.

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

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