Mutual of America Capital Management LLC Has $22.93 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Mutual of America Capital Management LLC decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,037 shares of the investment management company’s stock after selling 1,463 shares during the period. Mutual of America Capital Management LLC’s holdings in The Goldman Sachs Group were worth $22,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GS. Flputnam Investment Management Co. increased its position in The Goldman Sachs Group by 8.7% during the 4th quarter. Flputnam Investment Management Co. now owns 1,128 shares of the investment management company’s stock valued at $646,000 after purchasing an additional 90 shares during the period. Illumine Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $598,000. Waterway Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 11.8% in the 4th quarter. Waterway Wealth Management LLC now owns 570 shares of the investment management company’s stock valued at $326,000 after purchasing an additional 60 shares during the last quarter. Private Trust Co. NA increased its position in shares of The Goldman Sachs Group by 1.6% during the fourth quarter. Private Trust Co. NA now owns 3,544 shares of the investment management company’s stock worth $2,030,000 after buying an additional 56 shares during the period. Finally, First American Bank raised its stake in The Goldman Sachs Group by 8.2% during the fourth quarter. First American Bank now owns 35,892 shares of the investment management company’s stock worth $20,552,000 after buying an additional 2,732 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group 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 owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GS. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Barclays upped their target price on 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. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $690.00 to $660.00 in a research note on Thursday. Finally, Oppenheimer reduced their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $591.69.

The Goldman Sachs Group Price Performance

GS stock opened at $622.11 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The business has a 50-day simple moving average of $616.74 and a two-hundred day simple moving average of $562.46. The company has a market capitalization of $194.12 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19.

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

The Goldman Sachs Group Announces Dividend

The company 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

The Goldman Sachs Group Company 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.