Utah Retirement Systems Has $29.15 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Utah Retirement Systems lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,899 shares of the investment management company’s stock after selling 1,274 shares during the quarter. Utah Retirement Systems’ holdings in The Goldman Sachs Group were worth $29,146,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GS. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $30,000. Transce3nd LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, Director John B. Hess bought 3,904 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $548.92 on Wednesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50-day moving average of $544.64 and a 200-day moving average of $574.46. The company has a market cap of $171.28 billion, a PE ratio of 13.54, a P/E/G ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a one year low of $425.19 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period last year, the business posted $11.58 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.19%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.85%.

Analyst Upgrades and Downgrades

GS has been the topic of several research reports. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target on the stock. in a report on Friday, April 4th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a report on Monday, April 7th. UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Royal Bank of Canada reduced their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $593.40.

The Goldman Sachs Group 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.