Goldman Sachs Group Inc (GS) Holdings Reduced by Sit Investment Associates Inc.

Sit Investment Associates Inc. reduced its position in Goldman Sachs Group Inc (NYSE:GS) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,133 shares of the investment management company’s stock after selling 800 shares during the period. Sit Investment Associates Inc.’s holdings in Goldman Sachs Group were worth $6,148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MV Capital Management Inc. grew its stake 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 valued at $137,000 after buying an additional 3 shares during the period. Geller Family Office Services LLC grew its stake in shares of Goldman Sachs Group by 0.3% during the 2nd quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock valued at $209,000 after buying an additional 3 shares during the period. Hudock Capital Group LLC grew its stake in shares of Goldman Sachs Group by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock valued at $251,000 after buying an additional 4 shares during the period. FTB Advisors Inc. grew its stake in shares of Goldman Sachs Group by 0.3% during the 2nd quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock valued at $360,000 after buying an additional 5 shares during the period. Finally, King Luther Capital Management Corp grew its stake in shares of Goldman Sachs Group by 0.4% during the 2nd quarter. King Luther Capital Management Corp now owns 1,725 shares of the investment management company’s stock valued at $383,000 after buying an additional 7 shares during the period. 73.27% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on GS. Keefe, Bruyette & Woods reissued a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, October 19th. Zacks Investment Research cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. JPMorgan Chase & Co. set a $260.00 price target on shares of Goldman Sachs Group and gave the stock a “buy” rating in a research report on Friday, September 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 price target on shares of Goldman Sachs Group in a research report on Friday, October 6th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $295.00 price target (up from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $251.90.

Goldman Sachs Group Inc (NYSE:GS) opened at $255.13 on Friday. Goldman Sachs Group Inc has a 1-year low of $209.62 and a 1-year high of $262.14. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $96,240.00, a price-to-earnings ratio of 13.25, a price-to-earnings-growth 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 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the previous year, the business posted $4.88 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. equities analysts expect that Goldman Sachs Group Inc will post 19.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were issued a $0.75 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.18%. Goldman Sachs Group’s dividend payout ratio is currently 15.58%.

In other news, Chairman Lloyd C. Blankfein sold 20,794 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total value of $4,956,873.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock worth $32,435,160 in the last quarter. 2.57% of the stock is currently owned by company insiders.

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Goldman Sachs Group 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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