Sunpointe LLC Has $309,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Sunpointe LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 540 shares of the investment management company’s stock after purchasing an additional 33 shares during the quarter. Sunpointe LLC’s holdings in The Goldman Sachs Group were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GS. Mizuho Securities USA LLC lifted its position in The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after buying an additional 7,475,140 shares in the last quarter. FMR LLC raised its stake in shares of The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after acquiring an additional 521,054 shares during the last quarter. Ieq Capital LLC lifted its position in shares of The Goldman Sachs Group by 1,400.8% during the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock worth $239,982,000 after purchasing an additional 391,170 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after purchasing an additional 251,972 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of The Goldman Sachs Group by 829.0% in the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after purchasing an additional 232,297 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.6 %

Shares of The Goldman Sachs Group stock opened at $668.02 on Thursday. The company has a market capitalization of $207.39 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. 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 business has a 50-day moving average of $609.75 and a two-hundred day moving average of $555.95. The Goldman Sachs Group, Inc. has a 1 year low of $380.85 and a 1 year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the company posted $5.48 EPS. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Morgan Stanley lifted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $593.56.

Insiders Place Their Bets

In related news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the sale, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,475 shares of company stock worth $19,692,543. Corporate insiders own 0.57% of the company’s stock.

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.