New Age Alpha Advisors LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,916 shares of the investment management company's stock, valued at approximately $3,960,000.
Several other large investors also recently bought and sold shares of GS. Norges Bank purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $1,603,315,000. Raymond James Financial Inc. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $624,844,000. Proficio Capital Partners LLC lifted its position in The Goldman Sachs Group by 14,007.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after buying an additional 1,052,204 shares in the last quarter. Ieq Capital LLC boosted its stake in The Goldman Sachs Group by 1,400.8% during the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company's stock worth $239,982,000 after buying an additional 391,170 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of The Goldman Sachs Group by 154.7% in the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company's stock worth $205,403,000 after acquiring an additional 251,972 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. UBS Group lifted their price target 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. Wells Fargo & Company reduced their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Citigroup cut their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $591.87.
Get Our Latest Stock Report on The Goldman Sachs Group
The Goldman Sachs Group Stock Up 2.7 %
The Goldman Sachs Group stock traded up $14.55 during trading on Wednesday, reaching $563.00. The stock had a trading volume of 845,173 shares, compared to its average volume of 2,274,682. 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, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19. The stock has a market cap of $175.68 billion, a PE ratio of 13.88, a P/E/G ratio of 0.89 and a beta of 1.37. The business has a 50 day moving average price of $604.83 and a 200 day moving average price of $573.37.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $13.87 billion for the quarter, compared to analyst estimates 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 revenue was up 22.5% on a year-over-year basis. During the same period last year, the business earned $5.48 EPS. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given 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 2.13%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.
Insider Transactions at The Goldman Sachs Group
In related news, insider Alex S. Golten sold 5,208 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were 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. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % 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 valued at $12,630,683. 0.55% of the stock is currently owned by corporate insiders.
About The Goldman Sachs Group
(
Free Report)
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.
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