Loomis Sayles & Co. L P Has $210.87 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Loomis Sayles & Co. L P lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 368,259 shares of the investment management company’s stock after selling 9,075 shares during the quarter. Loomis Sayles & Co. L P’s holdings in The Goldman Sachs Group were worth $210,872,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the fourth quarter worth $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $30,000. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter valued at $34,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $34,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Barclays raised 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. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Finally, Morgan Stanley reduced their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $593.27.

Insiders Place Their Bets

In related news, Director Kevin R. Johnson bought 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the purchase, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 over the last quarter. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $573.37 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $178.91 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19. The company has a 50-day simple moving average of $610.88 and a 200 day simple moving average of $570.63.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the firm posted $5.48 EPS. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

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.