Boussard & Gavaudan Investment Management LLP Purchases Shares of 28,646 The Goldman Sachs Group, Inc. (NYSE:GS)

Boussard & Gavaudan Investment Management LLP purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,646 shares of the investment management company's stock, valued at approximately $16,430,000. The Goldman Sachs Group comprises 1.4% of Boussard & Gavaudan Investment Management LLP's investment portfolio, making the stock its 25th largest holding.

Other large investors also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $29,000. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Activity

In other news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares of the company's stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kevin R. Johnson acquired 2,400 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now owns 2,400 shares of the company's stock, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is currently owned by insiders.

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The Goldman Sachs Group Stock Up 0.6 %

NYSE GS traded up $3.24 on Monday, hitting $546.36. 1,341,385 shares of the stock traded hands, compared to its average volume of 2,276,201. 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 stock has a 50-day moving average of $608.15 and a 200 day moving average of $572.36. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The company has a market capitalization of $170.49 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business's revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.48 EPS. As a group, analysts expect 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 business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.20%. The Goldman Sachs Group's payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GS. Citigroup reduced their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company lowered their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a report on Friday. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus price target of $590.60.

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.