O Shaughnessy Asset Management LLC Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

O Shaughnessy Asset Management LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 87,786 shares of the investment management company's stock after purchasing an additional 3,910 shares during the period. O Shaughnessy Asset Management LLC's holdings in The Goldman Sachs Group were worth $50,268,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $30,000. Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $37,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price 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. Wells Fargo & Company decreased their price objective on The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Citigroup cut their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Finally, Morgan Stanley lowered their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $591.87.

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Insider Transactions at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the company's stock in a transaction that occurred on 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 represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded up $12.42 during midday trading on Wednesday, hitting $560.87. 1,148,414 shares of the company's stock were exchanged, compared to its average volume of 2,693,976. The stock has a 50-day moving average price of $604.83 and a two-hundred day moving average price of $573.37. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19. The company has a market cap of $175.01 billion, a P/E ratio of 13.83, a PEG ratio of 0.89 and a beta of 1.37. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping 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 company had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same period in the prior year, the business earned $5.48 earnings per share. The Goldman Sachs Group's revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities research analysts forecast 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 given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.14%. 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 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.