Yoffe Investment Management LLC Invests $1.10 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Yoffe Investment Management LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,917 shares of the investment management company's stock, valued at approximately $1,098,000. The Goldman Sachs Group makes up approximately 1.1% of Yoffe Investment Management LLC's holdings, making the stock its 20th biggest holding.

Several other large investors also recently bought and sold shares of GS. Geode Capital Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after buying an additional 161,500 shares in the last quarter. Fisher Asset Management LLC grew 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 acquiring an additional 112,696 shares in the last quarter. Norges Bank acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $1,603,315,000. Alliancebernstein L.P. lifted its position in The Goldman Sachs Group by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,087,594 shares of the investment management company's stock worth $1,195,398,000 after buying an additional 33,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of 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 acquiring an additional 22,794 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the 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 completion of the sale, the treasurer now directly owns 8,192 shares of the company's stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 over the last quarter. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $10.28 during midday trading on Monday, reaching $460.53. The company's stock had a trading volume of 2,904,998 shares, compared to its average volume of 2,327,802. 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's 50 day simple moving average is $597.54 and its 200 day simple moving average is $573.99. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19. The firm has a market capitalization of $143.70 billion, a PE ratio of 11.29, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $12.36 billion. During the same period last year, the company posted $5.48 EPS. The company's revenue was up 22.5% on a year-over-year basis. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.61%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 29.59%.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average price target of $582.88.

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.