The Goldman Sachs Group, Inc. (NYSE:GS) is Rheos Capital Works Inc.'s Largest Position

Rheos Capital Works Inc. increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,000 shares of the investment management company's stock after acquiring an additional 6,500 shares during the quarter. The Goldman Sachs Group makes up about 8.1% of Rheos Capital Works Inc.'s holdings, making the stock its biggest position. Rheos Capital Works Inc. owned 0.08% of The Goldman Sachs Group worth $146,018,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Procyon Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 5.5% in the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company's stock valued at $411,000 after acquiring an additional 43 shares during the period. Brookstone Capital Management grew its position in The Goldman Sachs Group by 19.9% in the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company's stock valued at $2,268,000 after buying an additional 761 shares during the last quarter. Franklin Street Advisors Inc. NC grew its position in The Goldman Sachs Group by 8.1% in the 4th 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 during the last quarter. Park Edge Advisors LLC purchased a new position in The Goldman Sachs Group in the 4th quarter valued at $703,000. Finally, Nordea Investment Management AB grew its position in The Goldman Sachs Group by 30.3% in the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company's stock valued at $122,453,000 after buying an additional 49,710 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares of the company's stock, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company's stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,865 shares of company stock valued at $25,286,862. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $2.11 during midday trading on Tuesday, hitting $634.48. 1,743,131 shares of the stock were exchanged, compared to its average volume of 2,593,334. The stock has a market cap of $196.97 billion, a P/E ratio of 15.65, a PEG ratio of 0.89 and a beta of 1.39. 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 Goldman Sachs Group, Inc. has a twelve month low of $375.20 and a twelve month high of $650.00. The company has a 50 day moving average price of $596.65 and a 200-day moving average price of $542.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share 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 firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the company posted $5.48 EPS. The firm's revenue for the quarter was up 22.5% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.

Analyst Ratings Changes

GS has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Moderate Buy" and an average price target of $591.06.

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.