The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,011 shares of the investment management company's stock after acquiring an additional 7,420 shares during the period. Rockefeller Capital Management L.P.'s holdings in The Goldman Sachs Group were worth $66,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $911,000. Sunbelt Securities Inc. boosted its stake in The Goldman Sachs Group by 5.5% during the third quarter. Sunbelt Securities Inc. now owns 905 shares of the investment management company's stock worth $448,000 after buying an additional 47 shares during the period. M&T Bank Corp raised its position in The Goldman Sachs Group by 0.6% in the 3rd quarter. M&T Bank Corp now owns 27,271 shares of the investment management company's stock worth $13,502,000 after purchasing an additional 157 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 8.8% during the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company's stock valued at $1,759,000 after buying an additional 286 shares during the period. Finally, Chelsea Counsel Co. raised its holdings in shares of The Goldman Sachs Group by 400.0% in the third quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company's stock worth $186,000 after buying an additional 300 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GS shares. UBS Group upped 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. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. JMP Securities dropped their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup lowered their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company's stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded up $13.90 during midday trading on Thursday, reaching $512.95. The company's stock had a trading volume of 1,437,860 shares, compared to its average volume of 3,008,635. 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 stock has a fifty day moving average of $567.52 and a 200 day moving average of $572.00. The Goldman Sachs Group, Inc. has a twelve month low of $402.41 and a twelve month high of $672.19. The firm has a market capitalization of $160.06 billion, a PE ratio of 12.65, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period last year, the firm earned $11.58 EPS. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

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.