Matrix Asset Advisors Inc. NY decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,316 shares of the investment management company’s stock after selling 1,792 shares during the period. The Goldman Sachs Group accounts for 2.1% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 17th biggest position. Matrix Asset Advisors Inc. NY’s holdings in The Goldman Sachs Group were worth $19,650,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in GS. Mizuho Securities USA LLC boosted its stake in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares during the last quarter. FMR LLC lifted its stake in shares of The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after buying an additional 521,054 shares during the period. Janus Henderson Group PLC boosted its position in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after acquiring an additional 251,972 shares during the last quarter. Congress Asset Management Co. grew its stake in The Goldman Sachs Group by 829.0% in the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock worth $128,886,000 after acquiring an additional 232,297 shares during the period. Finally, Rheos Capital Works Inc. raised its holdings in The Goldman Sachs Group by 265.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock valued at $123,035,000 after acquiring an additional 180,500 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.
The Goldman Sachs Group Stock Down 0.7 %
NYSE GS opened at $632.13 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $374.24 and a fifty-two week high of $645.54. The business has a 50 day moving average price of $591.21 and a two-hundred day moving average price of $536.52. The stock has a market cap of $198.43 billion, a PE ratio of 15.59, a P/E/G ratio of 0.88 and a beta of 1.38.
The Goldman Sachs Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.90%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.
Insiders Place Their Bets
In other news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,017 shares of company stock valued at $19,655,538 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.
Analyst Ratings Changes
GS has been the topic of several analyst reports. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Barclays raised their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $591.06.
Check Out Our Latest Report on The Goldman Sachs Group
The Goldman Sachs Group Company Profile
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.
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