Blair William & Co. IL Acquires 12,091 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Blair William & Co. IL boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,915 shares of the investment management company's stock after purchasing an additional 12,091 shares during the quarter. Blair William & Co. IL owned 0.05% of The Goldman Sachs Group worth $89,280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LM Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. LM Advisors LLC now owns 3,572 shares of the investment management company's stock worth $2,045,000 after purchasing an additional 199 shares in the last quarter. Homestead Advisers Corp lifted its position in The Goldman Sachs Group by 1.0% during the fourth quarter. Homestead Advisers Corp now owns 265,536 shares of the investment management company's stock worth $152,051,000 after purchasing an additional 2,500 shares during the period. NEOS Investment Management LLC grew its stake in The Goldman Sachs Group by 30.0% during the fourth quarter. NEOS Investment Management LLC now owns 16,323 shares of the investment management company's stock worth $9,347,000 after buying an additional 3,764 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in The Goldman Sachs Group by 2.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 98,278 shares of the investment management company's stock valued at $56,276,000 after buying an additional 2,366 shares during the period. Finally, Moment Partners LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $467,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Remove Ads

The Goldman Sachs Group Trading Down 0.4 %

Shares of GS traded down $2.31 during trading hours on Monday, hitting $540.81. 818,454 shares of the stock were exchanged, compared to its average volume of 2,273,688. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19. The business has a 50-day moving average of $608.15 and a 200-day moving average of $572.36. The firm has a market capitalization of $168.75 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the business posted $5.48 EPS. The business's revenue was up 22.5% compared to the same quarter last year. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.22%. The Goldman Sachs Group's payout ratio is currently 29.59%.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares of the company's stock, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now owns 8,192 shares of the company's stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last quarter. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating on the stock in a research note on Friday. Barclays lifted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Morgan Stanley reduced their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, UBS Group boosted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $590.60.

About The Goldman Sachs Group

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.