Nippon Life Global Investors Americas Inc. Buys 12,450 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Nippon Life Global Investors Americas Inc. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 93.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,770 shares of the investment management company's stock after buying an additional 12,450 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in The Goldman Sachs Group were worth $14,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $31,000. Finally, Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $34,000. Institutional investors own 71.21% of the company's stock.

Insider Activity

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GS. JPMorgan Chase & Co. decreased their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Evercore ISI lowered their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Royal Bank of Canada cut their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Finally, Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Trading Down 0.1 %

GS stock traded down $0.42 during midday trading on Friday, hitting $544.95. 1,611,879 shares of the company's stock were exchanged, compared to its average volume of 2,371,344. The Goldman Sachs Group, Inc. has a one year low of $414.85 and a one year high of $672.19. 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 company has a market cap of $170.05 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The stock's fifty day moving average price is $551.48 and its 200-day moving average price is $573.13.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the prior year, the firm earned $11.58 earnings per share. Research analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.20%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.