Marco Investment Management LLC Decreases Position in Goldman Sachs (GS)

Marco Investment Management LLC trimmed its stake in shares of Goldman Sachs (NYSE:GS) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,806 shares of the investment management company’s stock after selling 1,150 shares during the period. Goldman Sachs accounts for 2.6% of Marco Investment Management LLC’s holdings, making the stock its 6th biggest position. Marco Investment Management LLC’s holdings in Goldman Sachs were worth $17,274,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in shares of Goldman Sachs by 9.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock valued at $21,810,000 after acquiring an additional 7,736 shares during the last quarter. Commonwealth Bank of Australia lifted its position in shares of Goldman Sachs by 5.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after buying an additional 4,390 shares during the last quarter. Stillwater Investment Management LLC lifted its position in shares of Goldman Sachs by 5.8% during the 4th quarter. Stillwater Investment Management LLC now owns 11,482 shares of the investment management company’s stock worth $2,925,000 after buying an additional 632 shares during the last quarter. Wall Street Access Asset Management LLC lifted its position in shares of Goldman Sachs by 65.4% during the 3rd quarter. Wall Street Access Asset Management LLC now owns 2,907 shares of the investment management company’s stock worth $689,000 after buying an additional 1,149 shares during the last quarter. Finally, Zeke Capital Advisors LLC lifted its position in shares of Goldman Sachs by 93.5% during the 3rd quarter. Zeke Capital Advisors LLC now owns 5,786 shares of the investment management company’s stock worth $1,372,000 after buying an additional 2,796 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director David A. Viniar sold 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $251.19, for a total transaction of $4,395,825.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $265.37, for a total transaction of $1,167,628.00. The disclosure for this sale can be found here. Insiders sold 83,548 shares of company stock valued at $22,064,172 in the last ninety days. 2.57% of the stock is owned by corporate insiders.

Shares of Goldman Sachs (GS) opened at $262.53 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 3.09. Goldman Sachs has a 1 year low of $209.62 and a 1 year high of $275.31. The stock has a market cap of $101,657.77, a P/E ratio of 30.49, a P/E/G ratio of 0.96 and a beta of 1.33.

Goldman Sachs (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs had a net margin of 13.36% and a return on equity of 11.66%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter last year, the company earned $5.08 earnings per share. Goldman Sachs’s revenue for the quarter was down 4.2% on a year-over-year basis. analysts expect that Goldman Sachs will post 21.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs’s dividend payout ratio (DPR) is 34.84%.

Several equities analysts have issued reports on GS shares. Vining Sparks reissued a “hold” rating and issued a $270.00 price objective on shares of Goldman Sachs in a research note on Monday, January 8th. Barclays reissued an “equal weight” rating and issued a $289.00 price objective (down from $308.00) on shares of Goldman Sachs in a research note on Thursday, January 18th. Vetr raised shares of Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 price objective on the stock in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Goldman Sachs in a research note on Tuesday, January 9th. Finally, Morgan Stanley boosted their price objective on shares of Goldman Sachs from $294.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $258.20.

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Goldman Sachs Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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