Ilmarinen Mutual Pension Insurance Co Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Ilmarinen Mutual Pension Insurance Co lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 48.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,209 shares of the investment management company's stock after acquiring an additional 11,775 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in The Goldman Sachs Group were worth $20,734,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the fourth quarter worth $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE GS traded up $1.00 during trading hours on Wednesday, reaching $463.22. The company's stock had a trading volume of 2,123,058 shares, compared to its average volume of 2,901,295. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 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 company has a market capitalization of $144.54 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.89 and a beta of 1.33. The firm's 50-day moving average price is $587.13 and its 200-day moving average price is $572.67.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate 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 business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the firm earned $5.48 EPS. The business's 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 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.59%. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JMP Securities decreased their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday. Evercore ISI lowered their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Barclays lifted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $586.00.

Insider Activity

In other news, insider Alex S. Golten sold 5,208 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company's stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Carey Halio sold 3,640 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is currently owned by insiders.

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.