Thrivent Financial for Lutherans Has $8.80 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Thrivent Financial for Lutherans trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,262 shares of the investment management company’s stock after selling 118 shares during the period. Thrivent Financial for Lutherans’ holdings in The Goldman Sachs Group were worth $8,803,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in The Goldman Sachs Group by 2.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after buying an additional 5,541 shares during the period. Erste Asset Management GmbH raised its holdings in The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after buying an additional 320 shares during the period. Franklin Street Advisors Inc. NC raised its holdings in The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after buying an additional 2,863 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $356,000. Finally, Park Edge Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $703,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on GS shares. Morgan Stanley dropped their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Barclays lifted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $594.27.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $565.00 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a fifty day simple moving average of $610.89 and a 200 day simple moving average of $568.65. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19. The stock has a market capitalization of $176.30 billion, a PE ratio of 13.93, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the business posted $5.48 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.12%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

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.