The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,552 shares of the investment management company's stock after buying an additional 909 shares during the period. Brown Brothers Harriman & Co.'s holdings in The Goldman Sachs Group were worth $3,179,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $206,000. Townsquare Capital LLC raised its position in shares of The Goldman Sachs Group by 30.7% during the 3rd quarter. Townsquare Capital LLC now owns 7,135 shares of the investment management company's stock valued at $3,533,000 after purchasing an additional 1,675 shares during the period. Financial Counselors Inc. lifted its stake in shares of The Goldman Sachs Group by 1.1% during the 3rd quarter. Financial Counselors Inc. now owns 2,485 shares of the investment management company's stock valued at $1,230,000 after buying an additional 27 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in The Goldman Sachs Group by 1,240.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,771 shares of the investment management company's stock worth $2,362,000 after buying an additional 4,415 shares during the period. Finally, Icon Wealth Advisors LLC raised its holdings in The Goldman Sachs Group by 35.8% during the third quarter. Icon Wealth Advisors LLC now owns 482 shares of the investment management company's stock valued at $239,000 after acquiring an additional 127 shares during the period. 71.21% of the stock is currently owned by institutional investors.

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The Goldman Sachs Group Stock Up 2.4 %

GS stock traded up $13.23 during trading on Wednesday, reaching $561.68. 794,030 shares of the company traded hands, compared to its average volume of 2,274,472. The company has a market capitalization of $175.27 billion, a price-to-earnings ratio of 13.86, 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 quick ratio of 0.67 and a current ratio of 0.67. The business has a 50 day simple moving average of $604.83 and a 200 day simple moving average of $573.37. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during 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 quarter in the previous year, the business posted $5.48 EPS. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a $3.00 dividend. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.14%. The Goldman Sachs Group's payout ratio is 29.59%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Oppenheimer lowered shares of 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 shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company cut their target price on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, 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. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $591.87.

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.