Cetera Advisor Networks LLC raised its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,653 shares of the investment management company’s stock after purchasing an additional 141 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Goldman Sachs Group were worth $616,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in GS. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Goldman Sachs Group by 2.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,881 shares of the investment management company’s stock worth $314,000 after buying an additional 50 shares in the last quarter. Tdam USA Inc. increased its holdings in shares of Goldman Sachs Group by 2.1% in the fourth quarter. Tdam USA Inc. now owns 2,611 shares of the investment management company’s stock valued at $436,000 after purchasing an additional 54 shares in the last quarter. Keybank National Association OH increased its holdings in shares of Goldman Sachs Group by 1.1% in the fourth quarter. Keybank National Association OH now owns 5,571 shares of the investment management company’s stock valued at $931,000 after purchasing an additional 58 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Goldman Sachs Group by 5.2% in the fourth quarter. Parallel Advisors LLC now owns 1,171 shares of the investment management company’s stock valued at $195,000 after purchasing an additional 58 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. increased its holdings in shares of Goldman Sachs Group by 9.7% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 59 shares in the last quarter. 70.11% of the stock is currently owned by institutional investors.
Shares of Goldman Sachs Group stock traded down $7.93 during trading on Monday, hitting $199.91. 6,481,693 shares of the stock were exchanged, compared to its average volume of 3,292,994. The firm has a market capitalization of $74.39 billion, a PE ratio of 7.91, a P/E/G ratio of 1.31 and a beta of 1.22. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $262.25. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.92 and a quick ratio of 0.92.
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 paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.70%. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio is 12.66%.
A number of brokerages recently weighed in on GS. BMO Capital Markets reissued a “hold” rating on shares of Goldman Sachs Group in a report on Monday, January 21st. Bank of America reaffirmed a “hold” rating and issued a $212.00 price objective on shares of Goldman Sachs Group in a research note on Monday. Zacks Investment Research cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. HSBC set a $202.00 price target on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley reduced their price target on shares of Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $250.08.
In related news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.41% of the stock is currently owned by corporate insiders.
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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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