Eaton Vance Management Boosts Stake in Goldman Sachs Group Inc (GS)

Eaton Vance Management grew its holdings in Goldman Sachs Group Inc (NYSE:GS) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 815,164 shares of the investment management company’s stock after acquiring an additional 81,032 shares during the quarter. Eaton Vance Management owned 0.22% of Goldman Sachs Group worth $207,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hancock Holding Co. acquired a new position in shares of Goldman Sachs Group in the second quarter valued at $582,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Goldman Sachs Group by 6.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 183,364 shares of the investment management company’s stock valued at $40,688,000 after purchasing an additional 11,229 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Goldman Sachs Group by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,566,360 shares of the investment management company’s stock valued at $569,526,000 after purchasing an additional 126,162 shares in the last quarter. Global Endowment Management LP raised its stake in shares of Goldman Sachs Group by 4.7% in the second quarter. Global Endowment Management LP now owns 2,240 shares of the investment management company’s stock valued at $497,000 after purchasing an additional 100 shares in the last quarter. Finally, Ally Financial Inc. raised its stake in shares of Goldman Sachs Group by 133.3% in the second quarter. Ally Financial Inc. now owns 21,000 shares of the investment management company’s stock valued at $4,660,000 after purchasing an additional 12,000 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

A number of brokerages recently commented on GS. Wells Fargo & Co restated an “outperform” rating and issued a $320.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 target price for the company in a research note on Thursday, February 8th. BMO Capital Markets cut their target price on Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a research note on Thursday, January 18th. Vertical Group lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $260.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $256.75.

In related news, insider David M. Solomon sold 21,252 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $271.65, for a total value of $5,773,105.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,117 shares of company stock valued at $22,141,755. 2.57% of the stock is currently owned by corporate insiders.

Shares of Goldman Sachs Group Inc (NYSE GS) opened at $263.40 on Thursday. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79. The firm has a market capitalization of $99,916.91, a price-to-earnings ratio of 13.38, a PEG ratio of 0.95 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.64 billion. During the same period last year, the company posted $5.08 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. sell-side analysts predict that Goldman Sachs Group Inc will post 21.56 EPS for the current year.

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

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Goldman Sachs Group 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.

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

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