The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,930 shares of the investment management company's stock after acquiring an additional 11,593 shares during the quarter. Handelsbanken Fonder AB's holdings in The Goldman Sachs Group were worth $70,965,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GS. Mizuho Securities USA LLC boosted 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 purchasing an additional 7,475,140 shares during the last quarter. FMR LLC raised its position 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 worth $1,435,144,000 after buying an additional 521,054 shares during the period. Ieq Capital LLC boosted its holdings in The Goldman Sachs Group by 1,400.8% in the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company's stock valued at $239,982,000 after acquiring an additional 391,170 shares during the last quarter. Janus Henderson Group PLC grew its position 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 valued at $205,403,000 after acquiring an additional 251,972 shares during the period. Finally, Congress Asset Management Co. increased its stake 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 acquiring an additional 232,297 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares of the company's stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. 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. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GS. Citigroup increased their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a research report on Thursday, November 21st. HSBC lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and increased their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Oppenheimer reduced their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Barclays raised their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $593.56.

The Goldman Sachs Group Stock Down 2.6 %

NYSE GS traded down $16.56 during trading hours on Friday, reaching $625.70. 2,327,999 shares of the company traded hands, compared to its average volume of 2,526,130. The stock 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 company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19. The company has a 50 day moving average of $610.78 and a two-hundred day moving average of $556.55.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for 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 company's quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.48 earnings per share. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

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.