Goldman Sachs Group Inc (GS) Position Trimmed by Wallington Asset Management LLC

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Wallington Asset Management LLC cut its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,221 shares of the investment management company’s stock after selling 446 shares during the quarter. Goldman Sachs Group comprises approximately 1.6% of Wallington Asset Management LLC’s portfolio, making the stock its 28th biggest holding. Wallington Asset Management LLC’s holdings in Goldman Sachs Group were worth $5,215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital International Investors raised its holdings in shares of Goldman Sachs Group by 2,110.7% in the 3rd quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock worth $1,094,958,000 after purchasing an additional 4,662,095 shares during the period. Prudential Financial Inc. raised its holdings in shares of Goldman Sachs Group by 83.4% in the 3rd quarter. Prudential Financial Inc. now owns 1,025,962 shares of the investment management company’s stock worth $230,062,000 after purchasing an additional 466,410 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Goldman Sachs Group in the 3rd quarter worth about $82,012,000. Rehmann Capital Advisory Group raised its holdings in shares of Goldman Sachs Group by 14,386.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 363,472 shares of the investment management company’s stock worth $3,330,391,000 after purchasing an additional 360,963 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Goldman Sachs Group by 3.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,736,573 shares of the investment management company’s stock worth $2,631,807,000 after purchasing an additional 360,264 shares during the period. Hedge funds and other institutional investors own 74.86% of the company’s stock.

In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.71% of the stock is owned by company insiders.

Shares of NYSE:GS traded up $0.51 during mid-day trading on Monday, hitting $192.18. 459,385 shares of the company traded hands, compared to its average volume of 3,932,353. The company has a market cap of $71.30 billion, a P/E ratio of 7.61, a PEG ratio of 1.11 and a beta of 1.22. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.90 and a current ratio of 0.91. Goldman Sachs Group Inc has a 52-week low of $151.70 and a 52-week high of $275.31.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.48 billion. During the same quarter last year, the firm earned $5.68 EPS. Goldman Sachs Group’s quarterly revenue was down .5% on a year-over-year basis. Analysts predict that Goldman Sachs Group Inc will post 23.87 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, February 27th. This represents a $3.20 dividend on an annualized basis and a yield of 1.67%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 12.66%.

Several brokerages recently commented on GS. Barclays reiterated an “equal weight” rating and set a $247.00 target price (down from $289.00) on shares of Goldman Sachs Group in a report on Wednesday, January 2nd. Morgan Stanley downgraded Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 target price on the stock. in a report on Wednesday, November 21st. Societe Generale downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Bank of America downgraded Goldman Sachs Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $280.00 to $225.00 in a report on Friday, November 30th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Goldman Sachs Group in a report on Monday, January 21st. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $254.88.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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