Geode Capital Management LLC Purchases 161,500 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Geode Capital Management LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,584,202 shares of the investment management company's stock after acquiring an additional 161,500 shares during the period. Geode Capital Management LLC owned about 2.12% of The Goldman Sachs Group worth $3,761,576,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Nemes Rush Group LLC lifted its position in shares of The Goldman Sachs Group by 151.9% during the fourth quarter. Nemes Rush Group LLC now owns 796 shares of the investment management company's stock valued at $456,000 after purchasing an additional 480 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of The Goldman Sachs Group by 1.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 5,895 shares of the investment management company's stock valued at $3,749,000 after acquiring an additional 112 shares in the last quarter. Franklin Resources Inc. increased its position in shares of The Goldman Sachs Group by 8.8% during the fourth quarter. Franklin Resources Inc. now owns 1,805,371 shares of the investment management company's stock valued at $1,033,799,000 after acquiring an additional 145,283 shares during the last quarter. Seven Mile Advisory lifted its holdings in The Goldman Sachs Group by 5.8% during the fourth quarter. Seven Mile Advisory now owns 744 shares of the investment management company's stock worth $426,000 after acquiring an additional 41 shares during the period. Finally, Summit Financial LLC boosted its position in The Goldman Sachs Group by 9.0% in the fourth quarter. Summit Financial LLC now owns 3,042 shares of the investment management company's stock worth $1,742,000 after purchasing an additional 251 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Barclays lifted their price objective 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. Morgan Stanley reduced their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. 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 research note on Thursday. Finally, 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 note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $591.13.

The Goldman Sachs Group Price Performance

Shares of GS traded down $51.59 during mid-day trading on Thursday, reaching $511.51. 4,270,531 shares of the stock traded hands, compared to its average volume of 2,291,756. The company has a market cap of $159.61 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 firm has a fifty day moving average price of $603.45 and a 200 day moving average price of $573.30. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19.

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 for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company's revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the business posted $5.48 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.35%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 29.59%.

Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 3,640 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company's stock, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $619.02 per share, for a total transaction 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 represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 in the last ninety days. Company insiders own 0.55% of the company's stock.

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.