CIBC Asset Management Inc Acquires 1,289 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

CIBC Asset Management Inc boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,769 shares of the investment management company's stock after purchasing an additional 1,289 shares during the period. CIBC Asset Management Inc's holdings in The Goldman Sachs Group were worth $33,080,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GS. Mizuho Securities USA LLC grew its holdings in shares of The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock valued at $3,713,325,000 after acquiring an additional 7,475,140 shares in the last quarter. FMR LLC grew its holdings in shares of The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock valued at $1,435,144,000 after acquiring an additional 521,054 shares in the last quarter. Janus Henderson Group PLC grew its holdings in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company's stock worth $205,403,000 after purchasing an additional 251,972 shares during the period. Congress Asset Management Co. grew its holdings in The Goldman Sachs Group by 829.0% during the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company's stock worth $128,886,000 after purchasing an additional 232,297 shares during the period. Finally, National Bank of Canada FI grew its holdings in The Goldman Sachs Group by 45.9% during the third quarter. National Bank of Canada FI now owns 544,178 shares of the investment management company's stock worth $269,428,000 after purchasing an additional 171,071 shares during the period. Institutional investors own 71.21% of the company's stock.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm'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 sale, the chief accounting officer now directly owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,475 shares of company stock worth $19,692,543. Corporate insiders own 0.54% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $16.56 during trading on Friday, reaching $625.70. 2,996,182 shares of the company traded hands, compared to its average volume of 2,555,497. The firm has a market capitalization of $195.24 billion, a PE ratio of 15.43, a PEG ratio of 0.93 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company's 50 day moving average is $611.58 and its two-hundred day moving average is $557.71.

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 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.48 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The Goldman Sachs Group's payout ratio is 29.59%.

Analyst Ratings Changes

A number of research firms recently commented on GS. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Hsbc Global Res cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Citigroup lifted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a report on Thursday, November 21st. HSBC cut The Goldman Sachs Group from a "buy" rating to a "hold" rating and lifted their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Moderate Buy" and an average target price of $593.56.

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.