Calamos Advisors LLC Has $55.56 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Calamos Advisors LLC lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 144,032 shares of the investment management company’s stock after selling 1,335 shares during the period. Calamos Advisors LLC’s holdings in The Goldman Sachs Group were worth $55,563,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Morgan Stanley raised its holdings in shares of The Goldman Sachs Group by 40.0% during the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after buying an additional 1,696,350 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of The Goldman Sachs Group by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock worth $1,396,236,000 after buying an additional 52,016 shares in the last quarter. Northern Trust Corp raised its holdings in shares of The Goldman Sachs Group by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock worth $1,080,676,000 after buying an additional 104,424 shares in the last quarter. Invesco Ltd. raised its holdings in shares of The Goldman Sachs Group by 6.1% during the 3rd quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after buying an additional 159,512 shares in the last quarter. Finally, Norges Bank bought a new stake in The Goldman Sachs Group during the 4th quarter worth $759,531,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Kathryn H. Ruemmler sold 7,277 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the completion of the sale, the insider now owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,907 shares of company stock valued at $13,950,851. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $0.80 during mid-day trading on Thursday, hitting $403.11. The company had a trading volume of 2,759,918 shares, compared to its average volume of 2,369,863. The company has a market capitalization of $130.82 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.54 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The stock’s 50-day moving average price is $395.67 and its 200-day moving average price is $365.35.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business earned $8.79 earnings per share. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Wall Street Analyst Weigh In

GS has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday. Edward Jones began coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. HSBC raised their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets raised their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Oppenheimer lifted their price target on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $434.93.

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.