Pictet Asset Management Holding SA Has $122.40 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Pictet Asset Management Holding SA raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 213,747 shares of the investment management company's stock after purchasing an additional 43,709 shares during the quarter. Pictet Asset Management Holding SA owned 0.07% of The Goldman Sachs Group worth $122,396,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GS. Quantbot Technologies LP purchased a new position in The Goldman Sachs Group in the third quarter valued at $206,000. Townsquare Capital LLC lifted its holdings in The Goldman Sachs Group by 30.7% in the 3rd quarter. Townsquare Capital LLC now owns 7,135 shares of the investment management company's stock valued at $3,533,000 after purchasing an additional 1,675 shares in the last quarter. CreativeOne Wealth LLC increased its stake in The Goldman Sachs Group by 30.5% in the third quarter. CreativeOne Wealth LLC now owns 4,365 shares of the investment management company's stock valued at $2,161,000 after purchasing an additional 1,020 shares during the last quarter. Financial Counselors Inc. raised its stake in The Goldman Sachs Group by 1.1% during the third quarter. Financial Counselors Inc. now owns 2,485 shares of the investment management company's stock worth $1,230,000 after purchasing an additional 27 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of The Goldman Sachs Group by 1,240.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,771 shares of the investment management company's stock worth $2,362,000 after purchasing an additional 4,415 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

GS has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Morgan Stanley lowered their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $605.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. UBS Group increased their price objective on 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. Finally, Evercore ISI reduced their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $591.87.

The Goldman Sachs Group Stock Performance

GS stock traded up $2.12 during midday trading on Tuesday, hitting $548.41. The stock had a trading volume of 1,439,369 shares, compared to its average volume of 2,277,297. 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 stock has a 50-day simple moving average of $606.55 and a 200 day simple moving average of $572.88. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The firm has a market capitalization of $171.13 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.30% and a net margin of 11.32%. The business's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 EPS. As a group, equities research analysts anticipate 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 was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction 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 completion of the sale, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the company'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 in the company, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is currently owned by company insiders.

About The Goldman Sachs Group

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.