GAM Holding AG Has $2.69 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

GAM Holding AG boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 130.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,702 shares of the investment management company's stock after purchasing an additional 2,660 shares during the period. GAM Holding AG's holdings in The Goldman Sachs Group were worth $2,692,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Stephens Consulting LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $29,000. DT Investment Partners LLC raised its holdings in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after acquiring an additional 33 shares during the period. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP bought a new position in The Goldman Sachs Group in the 3rd quarter valued at about $38,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the company an "overweight" rating in a report on Wednesday. Barclays raised their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, HSBC cut shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and raised their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of "Moderate Buy" and an average target price of $593.56.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $16.56 during mid-day trading on Friday, reaching $625.70. The company had a trading volume of 2,996,182 shares, compared to its average volume of 2,555,497. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $195.24 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.93 and a beta of 1.39. The business has a fifty day simple moving average of $611.58 and a 200 day simple moving average of $557.71.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the business posted $5.48 earnings per share. The company's quarterly revenue was up 22.5% on a year-over-year basis. On average, equities research 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 over the last quarter. Corporate insiders own 0.54% 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.