Dnca Finance Has $15.55 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Dnca Finance boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 27,155 shares of the investment management company's stock after buying an additional 4,655 shares during the period. The Goldman Sachs Group makes up about 1.2% of Dnca Finance's investment portfolio, making the stock its 23rd largest position. Dnca Finance's holdings in The Goldman Sachs Group were worth $15,549,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GS. Morse Asset Management Inc bought a new stake in shares of The Goldman Sachs Group in the third quarter worth $911,000. M&T Bank Corp increased its position in shares of The Goldman Sachs Group by 0.6% in the 3rd quarter. M&T Bank Corp now owns 27,271 shares of the investment management company's stock worth $13,502,000 after purchasing an additional 157 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of The Goldman Sachs Group by 8.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company's stock worth $1,759,000 after purchasing an additional 286 shares during the last quarter. Chelsea Counsel Co. raised its stake in shares of The Goldman Sachs Group by 400.0% in the 3rd quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company's stock valued at $186,000 after purchasing an additional 300 shares in the last quarter. Finally, Tudor Financial Inc. bought a new position in shares of The Goldman Sachs Group during the third quarter worth about $228,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Carey Halio sold 3,640 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the sale, the treasurer now owns 4,552 shares of the company's stock, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $16.30 during trading hours on Wednesday, hitting $536.29. 2,020,160 shares of the company were exchanged, compared to its average volume of 2,369,022. The firm has a fifty day simple moving average of $556.44 and a 200-day simple moving average of $573.08. The company has a market capitalization of $167.34 billion, a PE ratio of 13.23, a PEG 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, Inc. has a one year low of $414.85 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the previous year, the company posted $11.58 EPS. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is presently 27.85%.

Analysts Set New Price Targets

Several research analysts have recently commented on GS shares. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research report on Friday, April 4th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Finally, Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $593.40.

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.