Heritage Investors Management Corp Has $35.92 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Heritage Investors Management Corp cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,731 shares of the investment management company’s stock after selling 743 shares during the period. The Goldman Sachs Group makes up approximately 1.2% of Heritage Investors Management Corp’s portfolio, making the stock its 20th biggest position. Heritage Investors Management Corp’s holdings in The Goldman Sachs Group were worth $35,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its stake in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock valued at $2,991,772,000 after purchasing an additional 161,133 shares during the period. FMR LLC boosted its position in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of The Goldman Sachs Group by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after buying an additional 18,541 shares during the period. Finally, Franklin Resources Inc. increased its position in The Goldman Sachs Group by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after buying an additional 62,246 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the company’s 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 sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 in the last quarter. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $618.04 on Thursday. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. The company’s 50 day moving average price is $614.54 and its two-hundred day moving average price is $561.19. The stock has a market cap of $192.85 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly 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 return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’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. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.94%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Analyst Ratings Changes

Several brokerages have issued reports on GS. Morgan Stanley increased their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $593.56.

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.