Vontobel Holding Ltd. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 1.1% in the 3rd quarter, Holdings Channel reports. The firm owned 28,324 shares of the investment management company's stock after selling 323 shares during the quarter. Vontobel Holding Ltd.'s holdings in The Goldman Sachs Group were worth $8,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in GS. Maj Invest Holding A S increased its stake in The Goldman Sachs Group by 140,326.4% during the third quarter. Maj Invest Holding A S now owns 702,132 shares of the investment management company's stock valued at $205,761,000 after purchasing an additional 701,632 shares during the last quarter. Renaissance Technologies LLC bought a new stake in The Goldman Sachs Group during the second quarter valued at $193,360,000. Wellington Management Group LLP grew its position in shares of The Goldman Sachs Group by 58.5% during the first quarter. Wellington Management Group LLP now owns 1,298,015 shares of the investment management company's stock worth $428,474,000 after acquiring an additional 479,032 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of The Goldman Sachs Group by 4.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 9,351,832 shares of the investment management company's stock worth $2,777,682,000 after acquiring an additional 427,352 shares during the last quarter. Finally, Barclays PLC grew its position in shares of The Goldman Sachs Group by 52.9% during the third quarter. Barclays PLC now owns 1,079,009 shares of the investment management company's stock worth $316,202,000 after acquiring an additional 373,142 shares during the last quarter. Institutional investors own 69.09% of the company's stock.

Insider Activity

In other news, Director Goldman Sachs Group Inc sold 22,644 shares of the company's stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $20.52, for a total value of $464,654.88. Following the transaction, the director now owns 1,304,295 shares in the company, valued at approximately $26,764,133.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Brian J. Lee sold 10,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $385.84, for a total value of $3,858,400.00. Following the transaction, the insider now owns 13,656 shares in the company, valued at $5,269,031.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Goldman Sachs Group Inc sold 22,644 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $20.52, for a total value of $464,654.88. Following the completion of the transaction, the director now owns 1,304,295 shares in the company, valued at approximately $26,764,133.40. The disclosure for this sale can be found here. Insiders have sold 4,847,711 shares of company stock worth $117,408,700 in the last 90 days. Company insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

The Goldman Sachs Group Price Performance

GS stock opened at $349.63 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.84 and a debt-to-equity ratio of 2.11. The Goldman Sachs Group, Inc. has a one year low of $277.84 and a one year high of $389.58. The firm has a market capitalization of $117.10 billion, a PE ratio of 11.63 and a beta of 1.41. The firm has a 50-day moving average of $360.14 and a two-hundred day moving average of $339.91.

The Goldman Sachs Group (NYSE:GS – Get Rating) last posted its quarterly earnings data on Tuesday, January 17th. The investment management company reported $3.32 EPS for the quarter, missing analysts' consensus estimates of $5.25 by ($1.93). The firm had revenue of $10.59 billion for the quarter, compared to analysts' expectations of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.30%. The Goldman Sachs Group's quarterly revenue was down 16.2% compared to the same quarter last year. During the same period in the prior year, the company posted $10.81 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 33.32 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be issued a $2.50 dividend. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.86%. The Goldman Sachs Group's dividend payout ratio is 33.27%.

The Goldman Sachs Group Profile

(Get Rating)

The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

Further Reading

• Get a free copy of the StockNews.com research report on The Goldman Sachs Group (GS)
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