Ieq Capital LLC Has $239.98 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Ieq Capital LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1,400.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,095 shares of the investment management company's stock after acquiring an additional 391,170 shares during the period. The Goldman Sachs Group comprises about 2.3% of Ieq Capital LLC's holdings, making the stock its 8th largest holding. Ieq Capital LLC owned approximately 0.13% of The Goldman Sachs Group worth $239,982,000 at the end of the most recent quarter.

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

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $16.35 during mid-day trading on Friday, hitting $625.91. 1,940,168 shares of the company were exchanged, compared to its average volume of 2,518,325. The company has a market capitalization of $195.31 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39. The business has a fifty day moving average of $610.78 and a 200 day moving average of $556.55. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm's quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the firm posted $5.48 EPS. As a group, sell-side analysts expect 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, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GS. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an "overweight" rating in a research report on Wednesday. Oppenheimer dropped 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 research report on Friday, January 3rd. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a report on Thursday, November 21st. Finally, HSBC lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and upped their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $593.56.

Insiders Place Their Bets

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the business'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 directly owns 9,589 shares of the company's stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO David M. Solomon sold 6,550 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 31,475 shares of company stock valued at $19,692,543. 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.