UBS Asset Management Americas Inc. Increases Holdings in Goldman Sachs Group Inc (GS)

UBS Asset Management Americas Inc. raised its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,096,352 shares of the investment management company’s stock after purchasing an additional 7,523 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.29% of Goldman Sachs Group worth $279,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GS. Cerebellum GP LLC bought a new position in Goldman Sachs Group during the 4th quarter worth $122,000. Gs Investments Inc. bought a new position in Goldman Sachs Group during the 2nd quarter worth $111,000. Westside Investment Management Inc. increased its position in Goldman Sachs Group by 450.0% during the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after buying an additional 450 shares during the period. Howe & Rusling Inc. bought a new position in Goldman Sachs Group during the 3rd quarter worth $142,000. Finally, TLP Group LLC bought a new position in Goldman Sachs Group during the 2nd quarter worth $152,000. 73.28% of the stock is owned by institutional investors and hedge funds.

In other news, insider R. Martin Chavez sold 11,829 shares of Goldman Sachs Group stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $259.22, for a total transaction of $3,066,313.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David M. Solomon sold 21,252 shares of Goldman Sachs Group stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $271.65, for a total value of $5,773,105.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,843 shares of company stock worth $41,855,427. Company insiders own 2.57% of the company’s stock.

Several research firms have weighed in on GS. Morgan Stanley increased their price objective on Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Wells Fargo & Co reiterated an “outperform” rating and set a $320.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price objective on the stock in a research report on Tuesday, December 19th. Vertical Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, Barclays increased their price objective on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $256.75.

Goldman Sachs Group Inc (NYSE:GS) opened at $267.62 on Friday. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $273.79. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $100,950.00, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the previous year, the business posted $5.08 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. equities research analysts forecast that Goldman Sachs Group Inc will post 21.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is presently 15.03%.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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