Suvretta Capital Management LLC Has $42.49 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Suvretta Capital Management LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 31.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,198 shares of the investment management company's stock after selling 34,110 shares during the quarter. The Goldman Sachs Group makes up about 1.4% of Suvretta Capital Management LLC's investment portfolio, making the stock its 22nd biggest holding. Suvretta Capital Management LLC's holdings in The Goldman Sachs Group were worth $42,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its stake in The Goldman Sachs Group by 27.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 141 shares of the investment management company's stock worth $81,000 after acquiring an additional 30 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of The Goldman Sachs Group by 19.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,457 shares of the investment management company's stock worth $2,552,000 after purchasing an additional 730 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 4,163 shares of the investment management company's stock worth $2,384,000 after purchasing an additional 103 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of The Goldman Sachs Group by 7.7% in the 4th quarter. Ritholtz Wealth Management now owns 7,835 shares of the investment management company's stock worth $4,487,000 after purchasing an additional 563 shares during the last quarter. Finally, Cypress Wealth Services LLC boosted its position in The Goldman Sachs Group by 9.0% during the 4th quarter. Cypress Wealth Services LLC now owns 1,247 shares of the investment management company's stock valued at $714,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent research reports. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Royal Bank of Canada dropped their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. Finally, Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Price Performance

NYSE:GS traded down $6.12 during mid-day trading on Tuesday, reaching $606.18. 1,599,856 shares of the stock were exchanged, compared to its average volume of 2,385,958. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The business has a fifty day moving average price of $542.64 and a 200 day moving average price of $580.48. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The firm has a market capitalization of $186.00 billion, a PE ratio of 14.95, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter last year, the firm posted $11.58 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.98%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

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.