Goldman Sachs Group Inc (GS) Holdings Increased by Grassi Investment Management

Grassi Investment Management raised its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,495 shares of the investment management company’s stock after purchasing an additional 625 shares during the quarter. Grassi Investment Management’s holdings in Goldman Sachs Group were worth $5,986,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. MV Capital Management Inc. boosted its holdings in shares of Goldman Sachs Group by 0.5% during the 2nd quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock worth $137,000 after buying an additional 3 shares in the last quarter. Geller Family Office Services LLC lifted its holdings in shares of Goldman Sachs Group by 0.3% in the 2nd quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after purchasing an additional 3 shares in the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Goldman Sachs Group by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after purchasing an additional 4 shares in the last quarter. FTB Advisors Inc. lifted its holdings in shares of Goldman Sachs Group by 0.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after purchasing an additional 5 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Goldman Sachs Group by 0.7% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock worth $202,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 73.27% of the company’s stock.

In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,177 shares of company stock valued at $32,435,160. Insiders own 2.57% of the company’s stock.

A number of brokerages recently issued reports on GS. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 target price on the stock in a report on Tuesday, December 19th. Vertical Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Wells Fargo & Co reiterated an “outperform” rating and issued a $295.00 target price (up from $265.00) on shares of Goldman Sachs Group in a report on Wednesday, December 20th. Barclays increased their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Goldman Sachs Group in a report on Tuesday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $251.90.

Shares of Goldman Sachs Group Inc (NYSE GS) traded up $0.39 during trading hours on Wednesday, reaching $254.33. The company’s stock had a trading volume of 2,930,000 shares, compared to its average volume of 2,860,000. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $262.14. The company has a market cap of $95,930.00, a PE ratio of 13.21, a PEG ratio of 1.02 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same period last year, the business earned $4.88 EPS. The business’s revenue was up 2.0% on a year-over-year basis. equities research analysts forecast that Goldman Sachs Group Inc will post 19.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 15.58%.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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