Cornerstone Investment Partners LLC Has $671,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Cornerstone Investment Partners LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,740 shares of the investment management company’s stock after selling 190 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $671,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $759,531,000. Morgan Stanley grew its holdings in The Goldman Sachs Group by 40.0% during the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after acquiring an additional 1,696,350 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in The Goldman Sachs Group by 168,772.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock worth $427,367,000 after acquiring an additional 1,243,852 shares during the last quarter. Congress Wealth Management LLC DE grew its holdings in The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after acquiring an additional 650,918 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of The Goldman Sachs Group by 1,791.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 515,358 shares of the investment management company’s stock valued at $168,579,000 after purchasing an additional 488,109 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GS shares. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday. Oppenheimer upped their price objective on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a research note on Tuesday. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research report on Tuesday. Finally, Bank of America boosted their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Stock Up 0.2 %

GS traded up $0.75 during trading on Friday, hitting $403.86. 1,104,857 shares of the company’s stock were exchanged, compared to its average volume of 2,352,538. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The business’s 50 day moving average is $396.03 and its two-hundred day moving average is $365.61. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20. The stock has a market cap of $131.06 billion, a P/E ratio of 15.85, a PEG ratio of 1.31 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.79 earnings per share. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 35.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.72%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now owns 11,463 shares in the company, valued at $4,357,659.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,907 shares of company stock worth $13,950,851. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Company Profile

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 Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.