30,000 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Bornite Capital Management LP

Bornite Capital Management LP bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,000 shares of the investment management company's stock, valued at approximately $17,179,000. The Goldman Sachs Group comprises approximately 2.3% of Bornite Capital Management LP's portfolio, making the stock its 19th biggest position.

Several other large investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $30,000. Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other news, Director Kevin R. Johnson acquired 2,400 shares of the firm's stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the purchase, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday. Evercore ISI cut their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. JPMorgan Chase & Co. lowered their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $582.88.

The Goldman Sachs Group Trading Down 2.2 %

GS stock traded down $10.28 during midday trading on Monday, hitting $460.53. The stock had a trading volume of 2,904,998 shares, compared to its average volume of 2,327,802. 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 firm has a market cap of $143.70 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The business has a fifty day moving average price of $597.54 and a two-hundred day moving average price of $573.99. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.61%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.

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.