Vista Investment Partners II LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 621 shares of the investment management company's stock, valued at approximately $356,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its stake in The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares during the period. Fisher Asset Management LLC boosted its stake in The Goldman Sachs Group by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock valued at $3,524,669,000 after purchasing an additional 112,696 shares during the period. FMR LLC boosted its stake in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock valued at $1,435,144,000 after purchasing an additional 521,054 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in The Goldman Sachs Group by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company's stock valued at $1,109,081,000 after purchasing an additional 22,794 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in The Goldman Sachs Group by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company's stock valued at $845,466,000 after purchasing an additional 18,541 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at The Goldman Sachs Group
In related news, Treasurer Carey Halio sold 3,640 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares of the company's stock, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were 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 directly 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. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last ninety days. Corporate insiders own 0.54% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Wells Fargo & Company restated an "overweight" rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Oppenheimer dropped their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Citigroup boosted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a research report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has a consensus rating of "Moderate Buy" and an average price target of $591.69.
Get Our Latest Stock Report on GS
The Goldman Sachs Group Trading Down 5.0 %
Shares of The Goldman Sachs Group stock traded down $27.92 during trading on Monday, hitting $531.75. The stock had a trading volume of 5,266,940 shares, compared to its average volume of 2,761,526. The stock has a 50 day simple moving average of $616.13 and a 200 day simple moving average of $566.49. The company has a market capitalization of $165.93 billion, a PE ratio of 13.11, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1 year low of $381.42 and a 1 year high of $672.19.
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 for the quarter, topping the consensus estimate 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 net margin of 11.32% and a return on equity of 13.30%. The firm's quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $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 Dividend Announcement
The company also recently announced 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. This represents a $12.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 29.59%.
The Goldman Sachs Group Company 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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