Marco Investment Management LLC Has $19.86 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Marco Investment Management LLC decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% in the fourth quarter, HoldingsChannel reports. The firm owned 51,489 shares of the investment management company’s stock after selling 800 shares during the quarter. The Goldman Sachs Group makes up 2.0% of Marco Investment Management LLC’s investment portfolio, making the stock its 10th biggest position. Marco Investment Management LLC’s holdings in The Goldman Sachs Group were worth $19,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Golden State Equity Partners raised its position in shares of The Goldman Sachs Group by 7.9% in the 3rd quarter. Golden State Equity Partners now owns 2,885 shares of the investment management company’s stock worth $934,000 after acquiring an additional 210 shares in the last quarter. Lake Street Financial LLC raised its position in shares of The Goldman Sachs Group by 2.9% in the 3rd quarter. Lake Street Financial LLC now owns 9,435 shares of the investment management company’s stock worth $3,068,000 after acquiring an additional 264 shares in the last quarter. Fulton Breakefield Broenniman LLC raised its position in shares of The Goldman Sachs Group by 5.7% in the 3rd quarter. Fulton Breakefield Broenniman LLC now owns 742 shares of the investment management company’s stock worth $240,000 after acquiring an additional 40 shares in the last quarter. Steward Financial Group LLC raised its position in shares of The Goldman Sachs Group by 7.3% in the 3rd quarter. Steward Financial Group LLC now owns 768 shares of the investment management company’s stock worth $248,000 after acquiring an additional 52 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA raised its position in shares of The Goldman Sachs Group by 10.9% in the 3rd quarter. Lederer & Associates Investment Counsel CA now owns 2,596 shares of the investment management company’s stock worth $840,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $7.52 on Friday, reaching $427.57. The stock had a trading volume of 2,322,674 shares, compared to its average volume of 2,404,007. The stock has a market cap of $138.76 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $428.53. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The company has a 50 day simple moving average of $400.27 and a 200 day simple moving average of $370.90.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the business posted $8.79 EPS. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.57%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GS shares. UBS Group increased their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research note on Tuesday, April 16th. Evercore ISI upped their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, Citigroup upped their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $434.93.

Insider Transactions at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.