Sterling Investment Management LLC Lowers Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Sterling Investment Management LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,999 shares of the investment management company’s stock after selling 99 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.4% of Sterling Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. Sterling Investment Management LLC’s holdings in The Goldman Sachs Group were worth $1,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of The Goldman Sachs Group by 0.4% in the 2nd quarter. State Street Corp now owns 19,822,469 shares of the investment management company’s stock valued at $6,393,539,000 after buying an additional 76,641 shares during the period. Morgan Stanley lifted its stake in The Goldman Sachs Group by 40.0% during the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after purchasing an additional 1,696,350 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in The Goldman Sachs Group by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock worth $1,396,236,000 after purchasing an additional 52,016 shares during the last quarter. Northern Trust Corp lifted its stake in The Goldman Sachs Group by 3.2% during the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock worth $1,080,676,000 after purchasing an additional 104,424 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in The Goldman Sachs Group by 6.1% during the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after purchasing an additional 159,512 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. BMO Capital Markets lifted their price target on The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. Barclays lifted their price target on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $390.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday. Finally, UBS Group lifted their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $407.75.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders sold a total of 38,907 shares of company stock worth $15,080,021 in the last 90 days. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Up 2.2 %

Shares of NYSE:GS opened at $415.21 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $416.76. The stock’s fifty day simple moving average is $387.82 and its 200-day simple moving average is $357.13. The company has a market capitalization of $134.75 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.56 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $3.32 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be issued a dividend of $2.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 annualized dividend and a dividend yield of 2.65%. The Goldman Sachs Group’s payout ratio is currently 48.20%.

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.