South Dakota Investment Council Sells 500 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

South Dakota Investment Council lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,955 shares of the investment management company’s stock after selling 500 shares during the period. South Dakota Investment Council’s holdings in The Goldman Sachs Group were worth $4,555,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GS. Swedbank AB boosted its holdings in shares of The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after purchasing an additional 13,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of The Goldman Sachs Group by 14.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,057 shares of the investment management company’s stock valued at $20,966,000 after purchasing an additional 5,402 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of The Goldman Sachs Group by 67.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,562 shares of the investment management company’s stock valued at $2,754,000 after purchasing an additional 2,232 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of The Goldman Sachs Group by 9.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 566 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 49 shares during the last quarter. Finally, Modera Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 0.5% during the 3rd quarter. Modera Wealth Management LLC now owns 3,963 shares of the investment management company’s stock valued at $1,962,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on GS shares. Barclays increased 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. Morgan Stanley increased their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, UBS Group increased their price target 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $593.56.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $625.70 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The firm has a market capitalization of $195.24 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company’s 50-day moving average is $611.58 and its 200 day moving average is $558.92.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results 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 business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $5.48 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group 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.