Mariner LLC Acquires 4,847 Shares of The Goldman Sachs Group, Inc. $GS

Mariner LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,439 shares of the investment management company’s stock after acquiring an additional 4,847 shares during the period. Mariner LLC’s holdings in The Goldman Sachs Group were worth $158,632,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Nicolet Advisory Services LLC raised its position in The Goldman Sachs Group by 66.9% in the 4th quarter. Nicolet Advisory Services LLC now owns 876 shares of the investment management company’s stock worth $832,000 after purchasing an additional 351 shares during the period. Evernest Financial Advisors LLC raised its position in The Goldman Sachs Group by 16.5% in the 4th quarter. Evernest Financial Advisors LLC now owns 3,702 shares of the investment management company’s stock worth $3,493,000 after purchasing an additional 523 shares during the period. Fieldview Capital Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $706,000. Fort Point Capital Partners LLC increased its position in shares of The Goldman Sachs Group by 58.7% during the fourth quarter. Fort Point Capital Partners LLC now owns 638 shares of the investment management company’s stock worth $623,000 after acquiring an additional 236 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of The Goldman Sachs Group by 7.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 347,856 shares of the investment management company’s stock worth $305,765,000 after acquiring an additional 23,882 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Bank of America reduced their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Dbs Bank raised their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Morgan Stanley set a $900.00 target price on shares of The Goldman Sachs Group in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $941.82.

View Our Latest Stock Report on The Goldman Sachs Group

Insider Activity

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the sale, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the sale, the chief financial officer owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,681 shares of company stock valued at $31,737,875 in the last ninety days. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,062.44 on Monday. The company has a market cap of $313.43 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. The Goldman Sachs Group, Inc. has a twelve month low of $609.59 and a twelve month high of $1,098.36. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The company has a 50 day moving average of $957.30 and a two-hundred day moving average of $910.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $14.12 earnings per share. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

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The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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