Mizuho Securities USA LLC Raises Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Mizuho Securities USA LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,752 shares of the investment management company's stock after purchasing an additional 9,274 shares during the period. Mizuho Securities USA LLC's holdings in The Goldman Sachs Group were worth $17,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock valued at $129,144,000 after acquiring an additional 5,541 shares during the last quarter. Erste Asset Management GmbH raised its stake in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after purchasing an additional 320 shares in the last quarter. Franklin Street Advisors Inc. NC boosted its holdings in shares of 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. Atlas Legacy Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $356,000. Finally, Park Edge Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $703,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Remove Ads

The Goldman Sachs Group Stock Up 0.9 %

GS traded up $5.05 during trading on Tuesday, hitting $585.15. 670,275 shares of the company's stock were exchanged, compared to its average volume of 2,239,391. The stock has a market cap of $182.59 billion, a P/E ratio of 14.43, a PEG ratio of 0.89 and a beta of 1.37. The business's 50 day moving average is $611.24 and its two-hundred day moving average is $569.86. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19. 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 (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business 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 business earned $5.48 EPS. The company's quarterly revenue was up 22.5% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The Goldman Sachs Group's payout ratio is 29.59%.

Insider Activity

In related news, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares of the company's stock, valued at $1,485,648. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company's stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last quarter. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. Wells Fargo & Company restated an "overweight" rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday. Barclays upped 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 report on Thursday, January 16th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, HSBC lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and upped their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $593.27.

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.