Capital International Ltd. CA boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,397 shares of the investment management company's stock after purchasing an additional 1,220 shares during the quarter. Capital International Ltd. CA's holdings in The Goldman Sachs Group were worth $6,526,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth $30,000. Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 71.21% of the company's stock.
Insider Transactions at The Goldman Sachs Group
In other news, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares of the company's stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Evercore ISI dropped their target price on 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. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Barclays cut their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday. JMP Securities cut their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average price target of $593.40.
Get Our Latest Research Report on GS
The Goldman Sachs Group Stock Up 2.2 %
Shares of NYSE GS traded up $10.78 during midday trading on Friday, hitting $509.83. The company's stock had a trading volume of 2,587,774 shares, compared to its average volume of 2,374,915. The Goldman Sachs Group, Inc. has a 1 year low of $404.57 and a 1 year high of $672.19. The business's fifty day simple moving average is $561.96 and its two-hundred day simple moving average is $572.80. The firm has a market capitalization of $159.09 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. 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 announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period last year, the firm earned $11.58 earnings per share. On average, equities analysts predict 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 will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.
About The Goldman Sachs Group
(
Free Report)
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.
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