Discovery Capital Management LLC CT Buys New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Discovery Capital Management LLC CT acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,000 shares of the investment management company's stock, valued at approximately $6,871,000.

Several other large investors also recently made changes to their positions in GS. Jackson Grant Investment Advisers Inc. increased its holdings in The Goldman Sachs Group by 10.9% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after acquiring an additional 16 shares in the last quarter. Ledyard National Bank increased its stake in shares of The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock worth $278,000 after purchasing an additional 16 shares in the last quarter. Seelaus Asset Management LLC raised its position in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after purchasing an additional 16 shares during the period. Pointe Capital Management LLC boosted its holdings in The Goldman Sachs Group by 1.0% in the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after buying an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC increased its stake in The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after buying an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

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The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded down $52.35 during midday trading on Thursday, hitting $510.75. The company had a trading volume of 5,162,119 shares, compared to its average volume of 2,293,962. The company has a fifty day simple moving average of $603.45 and a 200 day simple moving average of $573.30. The stock has a market cap of $159.37 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.89 and a beta of 1.37. 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 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 results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company posted $5.48 earnings per share. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company 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 of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.35%. The Goldman Sachs Group's payout ratio is presently 29.59%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GS shares. Wells Fargo & Company dropped their price objective on 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. Morgan Stanley dropped their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Citigroup reduced their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $591.13.

Insider Activity

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares of the company's stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. Company insiders own 0.55% of the company's stock.

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.