EdgeRock Capital LLC Has $782,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

EdgeRock Capital LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,015 shares of the investment management company’s stock after selling 46 shares during the quarter. The Goldman Sachs Group makes up about 0.6% of EdgeRock Capital LLC’s holdings, making the stock its 20th biggest holding. EdgeRock Capital LLC’s holdings in The Goldman Sachs Group were worth $782,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GS. Congress Wealth Management LLC DE boosted its position in The Goldman Sachs Group by 27,076.5% during the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after purchasing an additional 650,918 shares during the last quarter. Morgan Stanley lifted its holdings in shares of The Goldman Sachs Group by 7.8% during the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after buying an additional 412,383 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of The Goldman Sachs Group by 17.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock valued at $556,295,000 after buying an additional 255,690 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in The Goldman Sachs Group in the third quarter worth approximately $64,070,000. Finally, Raymond James & Associates raised its position in The Goldman Sachs Group by 41.9% during the fourth quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock valued at $236,101,000 after acquiring an additional 180,674 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Evercore ISI increased their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, Edward Jones assumed coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $440.57.

Insiders Place Their Bets

In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders have sold a total of 29,330 shares of company stock valued at $11,713,578 in the last 90 days. 0.57% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

GS traded up $0.07 during midday trading on Tuesday, reaching $443.74. 2,058,149 shares of the company’s stock were exchanged, compared to its average volume of 2,367,323. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $447.42. The firm has a market capitalization of $144.01 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The business has a 50-day simple moving average of $406.72 and a two-hundred day simple moving average of $377.23. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same period last year, the firm posted $8.79 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.48%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.