IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,700 shares of the investment management company's stock after selling 1,700 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in The Goldman Sachs Group were worth $6,700,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on GS. UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 21st. Citigroup cut their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Morgan Stanley decreased their target price on 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. lifted their price target on The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Finally, Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target of $590.60.
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Insiders Place Their Bets
In related news, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares of the company's stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. Corporate insiders own 0.55% of the company's stock.
The Goldman Sachs Group Stock Performance
Shares of The Goldman Sachs Group stock traded down $2.31 on Monday, reaching $540.81. 818,454 shares of the stock were exchanged, compared to its average volume of 2,273,688. The firm has a market capitalization of $168.75 billion, a PE ratio of 13.35, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19. The business has a fifty day moving average price of $608.15 and a two-hundred day moving average price of $572.36. 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 (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 EPS. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 29.59%.
The Goldman Sachs Group Profile
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Free Report)
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.
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