Goldman Sachs Group, Inc. (The) (GS) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 580,677 shares of the investment management company’s stock after buying an additional 12,199 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.14% of Goldman Sachs Group, Inc. (The) worth $139,043,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI boosted its position in shares of Goldman Sachs Group, Inc. (The) by 177.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 377,071 shares of the investment management company’s stock valued at $56,025,000 after buying an additional 240,982 shares during the period. Ngam Advisors L.P. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 0.6% in the second quarter. Ngam Advisors L.P. now owns 140,243 shares of the investment management company’s stock valued at $20,837,000 after buying an additional 897 shares during the period. Pillar Pacific Capital Management LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 2.6% in the second quarter. Pillar Pacific Capital Management LLC now owns 29,916 shares of the investment management company’s stock valued at $4,445,000 after buying an additional 758 shares during the period. Yacktman Asset Management LP boosted its position in shares of Goldman Sachs Group, Inc. (The) by 1.1% in the second quarter. Yacktman Asset Management LP now owns 281,300 shares of the investment management company’s stock valued at $41,796,000 after buying an additional 3,000 shares during the period. Finally, Boston Private Wealth LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 1.9% in the second quarter. Boston Private Wealth LLC now owns 5,548 shares of the investment management company’s stock valued at $824,000 after buying an additional 102 shares during the period. Institutional investors and hedge funds own 71.68% of the company’s stock.

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

Goldman Sachs Group, Inc. (NYSE:GS) traded up 0.48% during midday trading on Friday, reaching $242.72. The company’s stock had a trading volume of 3,072,771 shares. Goldman Sachs Group, Inc. has a 52-week low of $138.20 and a 52-week high of $247.77. The firm has a 50 day moving average of $238.54 and a 200 day moving average of $196.93. The firm has a market cap of $100.68 billion, a P/E ratio of 14.90 and a beta of 1.50.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Wednesday, January 18th. The investment management company reported $5.08 EPS for the quarter, topping the consensus estimate of $4.82 by $0.26. Goldman Sachs Group, Inc. (The) had a return on equity of 9.78% and a net margin of 24.17%. The business earned $8.17 billion during the quarter, compared to analysts’ expectations of $7.80 billion. During the same quarter last year, the firm posted $4.68 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. Analysts anticipate that Goldman Sachs Group, Inc. will post $19.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 2nd will be paid a dividend of $0.65 per share. The ex-dividend date is Tuesday, February 28th. This represents a $2.60 annualized dividend and a yield of 1.07%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.89%.

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Several brokerages recently commented on GS. Barclays PLC reaffirmed an “equal weight” rating and issued a $262.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, January 13th. CLSA reissued an “outperform” rating and set a $275.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, January 13th. RBC Capital Markets set a $250.00 price objective on Goldman Sachs Group, Inc. (The) and gave the company a “hold” rating in a report on Wednesday, January 4th. Vetr raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $240.50 price objective for the company in a report on Tuesday, December 20th. Finally, Atlantic Securities cut Goldman Sachs Group, Inc. (The) from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $205.00 to $240.00 in a report on Wednesday, December 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. Goldman Sachs Group, Inc. (The) currently has a consensus rating of “Hold” and a consensus price target of $214.96.

In related news, insider David M. Solomon sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $240.08, for a total transaction of $1,500,500.00. Following the completion of the sale, the insider now owns 177,594 shares of the company’s stock, valued at $42,636,767.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Lloyd C. Blankfein sold 2,483 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $206.23, for a total value of $512,069.09. Following the sale, the chairman now directly owns 1,524,471 shares of the company’s stock, valued at approximately $314,391,654.33. The disclosure for this sale can be found here. Insiders have sold 106,599 shares of company stock valued at $24,766,030 in the last ninety days. 2.61% of the stock is currently owned by insiders.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

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