Essex Investment Management Co. LLC lowered its holdings in Goldman Sachs Group Inc (NYSE:GS) by 26.4% during the fourth quarter, HoldingsChannel reports. The firm owned 34,453 shares of the investment management company’s stock after selling 12,361 shares during the period. Goldman Sachs Group accounts for about 1.2% of Essex Investment Management Co. LLC’s portfolio, making the stock its 13th largest position. Essex Investment Management Co. LLC’s holdings in Goldman Sachs Group were worth $8,777,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Goldman Sachs Group during the second quarter worth $101,000. Sterling Investment Advisors Ltd. raised its position in shares of Goldman Sachs Group by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after acquiring an additional 125 shares during the last quarter. Gs Investments Inc. bought a new stake in shares of Goldman Sachs Group during the second quarter worth $111,000. Cerebellum GP LLC bought a new stake in shares of Goldman Sachs Group during the fourth quarter worth $122,000. Finally, FNY Managed Accounts LLC raised its position in shares of Goldman Sachs Group by 605.1% during the second quarter. FNY Managed Accounts LLC now owns 557 shares of the investment management company’s stock worth $123,000 after acquiring an additional 478 shares during the last quarter. 73.52% of the stock is currently owned by institutional investors.

Shares of Goldman Sachs Group Inc (NYSE GS) opened at $258.70 on Wednesday. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $273.79. The stock has a market capitalization of $93,964.66, a PE ratio of 30.05, a price-to-earnings-growth ratio of 0.90 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 quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the 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 the consensus estimate of $7.64 billion. During the same period in the prior year, the company earned $5.08 earnings per share. The company’s revenue for the quarter 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 fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a $0.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.16%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 34.84%.

A number of equities research analysts have recently weighed in on the company. Buckingham Research restated a “neutral” rating and set a $250.00 target price (up previously from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Barclays restated an “equal weight” rating and set a $289.00 target price (down previously from $308.00) on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Morgan Stanley upped their price objective on Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Friday, October 13th. Finally, BMO Capital Markets dropped their price objective on Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $256.20.

In other Goldman Sachs Group news, Director David A. Viniar sold 25,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total value of $5,950,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 17,500 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $251.19, for a total value of $4,395,825.00. The disclosure for this sale can be found here. Insiders sold 158,414 shares of company stock valued at $39,361,490 over the last 90 days. Corporate insiders own 2.57% of the company’s stock.

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About Goldman Sachs Group

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.

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

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