The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,895 shares of the investment management company's stock after buying an additional 1,787 shares during the quarter. Assetmark Inc.'s holdings in The Goldman Sachs Group were worth $5,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Mizuho Securities USA LLC grew its stake in The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock valued at $3,713,325,000 after acquiring an additional 7,475,140 shares during the period. Proficio Capital Partners LLC grew its stake in The Goldman Sachs Group by 14,007.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock valued at $606,815,000 after acquiring an additional 1,052,204 shares during the period. FMR LLC grew its stake in The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock valued at $1,435,144,000 after acquiring an additional 521,054 shares during the period. Ieq Capital LLC grew its stake in The Goldman Sachs Group by 1,400.8% in the 4th quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company's stock valued at $239,982,000 after acquiring an additional 391,170 shares during the period. Finally, Janus Henderson Group PLC grew its stake in The Goldman Sachs Group by 154.7% in the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company's stock valued at $205,403,000 after acquiring an additional 251,972 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently issued reports on GS shares. UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Oppenheimer decreased their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. HSBC lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating and raised their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $591.69.

The Goldman Sachs Group Trading Down 1.4 %

GS traded down $8.13 on Friday, hitting $559.55. The company had a trading volume of 4,069,475 shares, compared to its average volume of 2,704,592. The firm has a market cap of $174.60 billion, a P/E ratio of 13.80, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1 year low of $381.42 and a 1 year high of $672.19. The company's fifty day moving average price is $616.96 and its 200 day moving average price is $565.76. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group's revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.48 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.14%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 29.59%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares of the company's stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin R. Johnson bought 2,400 shares of the company's stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.54% of the company's stock.

The Goldman Sachs Group 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.