Sei Investments Co. Acquires 9,401 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Sei Investments Co. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,119 shares of the investment management company's stock after acquiring an additional 9,401 shares during the period. Sei Investments Co.'s holdings in The Goldman Sachs Group were worth $80,241,000 as of its most recent SEC filing.

Several 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 approximately $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group during the third quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

GS has been the subject of several analyst reports. HSBC lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating and upped their target price for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. UBS Group boosted their price target on 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. Finally, Morgan Stanley cut their target price on 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Hold" and an average price target of $593.27.

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The Goldman Sachs Group Trading Up 1.0 %

Shares of The Goldman Sachs Group stock traded up $6.06 on Tuesday, hitting $586.16. 1,221,557 shares of the company's stock traded hands, compared to its average volume of 2,239,391. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19. The stock has a market capitalization of $182.90 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The firm's 50-day moving average price is $611.24 and its two-hundred day moving average price is $569.86.

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 the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business's quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.48 earnings per share. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

Insider Activity

In related news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares of the company's stock, valued at $4,047,349.55. This trade represents a 23.96 % 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, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group 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.