Securian Asset Management Inc. Has $11.63 Million Position in The Goldman Sachs Group, Inc. $GS

Securian Asset Management Inc. cut its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,602 shares of the investment management company’s stock after selling 1,441 shares during the period. Securian Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $11,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Dogwood Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $26,000. First PREMIER Bank acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $28,000. Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $955.05 on Wednesday. The company has a market capitalization of $286.45 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.11 and a beta of 1.33. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $961.69. The stock’s 50 day moving average is $843.27 and its 200-day moving average is $778.94.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the firm posted $8.40 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

Analyst Ratings Changes

Several research firms have issued reports on GS. Barclays lifted their price target on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research note on Monday. Jefferies Financial Group increased their price objective on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $855.00 to $970.00 and gave the stock an “overweight” rating in a research report on Monday. BNP Paribas Exane lifted their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Finally, Evercore ISI raised their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $852.28.

Check Out Our Latest Report on GS

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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