UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.83 Billion Holdings in The Goldman Sachs Group, Inc. $GS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,085,678 shares of the investment management company’s stock after selling 237,134 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in The Goldman Sachs Group were worth $1,833,311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $25,000. Manning & Napier Advisors LLC lifted its stake 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 valued at $27,000 after purchasing an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Entrust Financial LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $34,000. Finally, Joseph Group Capital Management acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider owned 2,578 shares in the company, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. This represents a 18.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Up 2.6%

The Goldman Sachs Group stock opened at $1,062.44 on Friday. The firm has a market cap of $313.43 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.34 and a beta of 1.30. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a fifty-two week low of $609.59 and a fifty-two week high of $1,098.36. The firm has a fifty day moving average price of $957.30 and a two-hundred day moving average price of $909.86.

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 for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The firm had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $14.12 EPS. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Bank of America reduced their price objective on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. JPMorgan Chase & Co. boosted their target price 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. Finally, Weiss Ratings lowered shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $941.82.

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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.

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

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