Guggenheim Capital LLC Has $38.33 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Guggenheim Capital LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 66,934 shares of the investment management company’s stock after selling 6,086 shares during the quarter. Guggenheim Capital LLC’s holdings in The Goldman Sachs Group were worth $38,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of GS. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $37,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson acquired 2,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the purchase, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last ninety days. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Up 1.9 %

The Goldman Sachs Group stock opened at $503.77 on Tuesday. 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 company has a market capitalization of $157.20 billion, a PE ratio of 12.42, a PEG ratio of 0.89 and a beta of 1.33. The firm’s fifty day moving average is $573.63 and its 200 day moving average is $572.96. The Goldman Sachs Group, Inc. has a 12-month low of $395.18 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the prior year, the firm earned $11.58 EPS. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Citigroup lowered their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Finally, Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $586.00.

About The Goldman Sachs Group

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.