Wellington Management Group LLP Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Wellington Management Group LLP increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 62.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,437 shares of the investment management company's stock after acquiring an additional 88,749 shares during the quarter. Wellington Management Group LLP owned about 0.07% of The Goldman Sachs Group worth $132,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $1,603,315,000. Raymond James Financial Inc. bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $624,844,000. Proficio Capital Partners LLC lifted its position in The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock valued at $606,815,000 after acquiring an additional 1,052,204 shares during the period. Ieq Capital LLC boosted its stake in The Goldman Sachs Group by 1,400.8% during the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company's stock worth $239,982,000 after acquiring an additional 391,170 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in The Goldman Sachs Group by 45.9% in the third quarter. National Bank of Canada FI now owns 544,178 shares of the investment management company's stock worth $269,428,000 after purchasing an additional 171,071 shares during the period. Institutional investors own 71.21% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GS. Citigroup dropped their price target 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 set a $558.00 target price on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday. Barclays raised their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Wells Fargo & Company dropped their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $582.88.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson acquired 2,400 shares of the company's stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. 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 90 days. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $7.07 during midday trading on Monday, hitting $463.74. 6,348,115 shares of the company's stock traded hands, compared to its average volume of 2,341,053. The firm has a fifty day moving average of $594.18 and a 200 day moving average of $573.71. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. 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 stock has a market capitalization of $144.70 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same quarter last year, the company posted $5.48 EPS. The company's revenue was up 22.5% compared to the same quarter last year. On average, 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 company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.

About The Goldman Sachs Group

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.