MML Investors Services LLC Has $86.56 Million Stock Position in The Goldman Sachs Group, Inc. $GS

MML Investors Services LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,479 shares of the investment management company’s stock after buying an additional 6,731 shares during the quarter. MML Investors Services LLC’s holdings in The Goldman Sachs Group were worth $86,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GS. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $25,000. Manning & Napier Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after buying 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 fourth quarter worth $31,000. Cornerstone Financial Management LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $33,000. Finally, Entrust Financial LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $34,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BNP Paribas Exane reduced their price objective on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. 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. HSBC boosted their price objective on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research note on Monday, May 4th. Rothschild & Co Redburn boosted their price objective on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, BMO Capital Markets boosted their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $941.82.

Check Out Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Trading Down 0.0%

Shares of GS stock opened at $1,062.44 on Monday. The Goldman Sachs Group, Inc. has a 1 year low of $609.59 and a 1 year high of $1,098.36. The firm’s fifty day simple moving average is $957.30 and its 200 day simple moving average is $910.70. The firm has a market capitalization of $313.43 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same quarter in the previous year, the firm posted $14.12 earnings per share. The Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 59.08 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

More The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction on 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 sale, the chief financial officer owned 31,070 shares of the company’s stock, valued at $30,248,198.50. The trade was a 18.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the sale, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is owned by insiders.

About The Goldman Sachs Group

(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.

See Also

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

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