Goldman Sachs Group Inc (GS) Holdings Reduced by Eaton Vance Management

Eaton Vance Management trimmed its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 712,316 shares of the investment management company’s stock after selling 216,322 shares during the quarter. Eaton Vance Management’s holdings in Goldman Sachs Group were worth $118,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Goldman Sachs Group by 17,481.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock valued at $100,000 after purchasing an additional 16,546,702 shares during the period. Capital International Investors boosted its stake in shares of Goldman Sachs Group by 2,110.7% during the third quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock valued at $1,094,958,000 after purchasing an additional 4,662,095 shares during the period. Jennison Associates LLC boosted its stake in shares of Goldman Sachs Group by 17.8% during the fourth quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock valued at $786,929,000 after purchasing an additional 710,479 shares during the period. Prudential Financial Inc. boosted its stake in shares of Goldman Sachs Group by 83.4% during the third quarter. Prudential Financial Inc. now owns 1,025,962 shares of the investment management company’s stock valued at $230,062,000 after purchasing an additional 466,410 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Goldman Sachs Group during the third quarter valued at $82,012,000. 68.92% of the stock is owned by institutional investors.

Goldman Sachs Group stock opened at $196.36 on Friday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.90 and a current ratio of 0.91. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $275.31. The company has a market capitalization of $73.87 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 1.15 and a beta of 1.22.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. The business had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same quarter in the prior year, the firm posted $5.68 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that Goldman Sachs Group Inc will post 23.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be given a $0.80 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $3.20 annualized dividend and a yield of 1.63%. Goldman Sachs Group’s dividend payout ratio is presently 12.66%.

A number of analysts have recently issued reports on GS shares. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 target price for the company in a research note on Tuesday, November 13th. ValuEngine lowered shares of Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. Morgan Stanley lowered shares of Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 target price for the company. in a research note on Wednesday, November 21st. Bank of America lowered shares of Goldman Sachs Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $280.00 to $225.00 in a research note on Friday, November 30th. Finally, Credit Suisse Group lowered their target price on shares of Goldman Sachs Group from $280.00 to $258.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $255.54.

In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total value of $2,606,002.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.71% of the company’s stock.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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