91,732 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 91,732 shares of the investment management company's stock, valued at approximately $52,574,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Asset Management One Co. Ltd. increased its stake in The Goldman Sachs Group by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock worth $129,144,000 after acquiring an additional 5,541 shares during the last quarter. Baxter Bros Inc. increased its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after purchasing an additional 151 shares in the last quarter. Erste Asset Management GmbH raised its holdings in The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after buying an additional 320 shares during the period. Franklin Street Advisors Inc. NC lifted its position in The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock valued at $21,934,000 after buying an additional 2,863 shares in the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $356,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

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The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded down $4.49 during trading hours on Wednesday, reaching $457.73. The company's stock had a trading volume of 1,658,979 shares, compared to its average volume of 2,350,820. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19. The company's 50 day simple moving average is $587.13 and its 200 day simple moving average is $572.67. The stock has a market cap of $142.83 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results 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 company had revenue of $13.87 billion during the quarter, compared to analyst estimates 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 was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal 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 of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.62%. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Insider Buying and Selling

In other news, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alex S. Golten sold 5,208 shares of the business'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 sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last three months. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GS. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Wells Fargo & Company lowered their target price on The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Citigroup dropped their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Finally, Evercore ISI dropped their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $586.00.

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.