Norinchukin Bank The increased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 108.4% in the 4th quarter, HoldingsChannel reports. The firm owned 112,232 shares of the investment management company’s stock after purchasing an additional 58,370 shares during the period. Norinchukin Bank The’s holdings in Goldman Sachs Group were worth $28,592,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Gs Investments Inc. purchased a new stake in shares of Goldman Sachs Group during the second quarter worth approximately $111,000. Cerebellum GP LLC purchased a new stake in Goldman Sachs Group in the 4th quarter valued at $122,000. Westside Investment Management Inc. grew its holdings in Goldman Sachs Group by 450.0% in the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock valued at $134,000 after buying an additional 450 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in Goldman Sachs Group in the 3rd quarter valued at $142,000. Finally, TLP Group LLC purchased a new stake in Goldman Sachs Group in the 2nd quarter valued at $152,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.
In other news, Director David A. Viniar sold 17,500 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $251.19, for a total value of $4,395,825.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David M. Solomon sold 21,252 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $271.65, for a total value of $5,773,105.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,117 shares of company stock worth $22,141,755. 2.57% of the stock is owned by company insiders.
Several analysts have issued reports on the company. Vetr cut Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 target price for the company. in a report on Wednesday, February 14th. Bank of America restated a “buy” rating and issued a $300.00 target price (up from $249.30) on shares of Goldman Sachs Group in a report on Monday, February 12th. Barclays restated an “equal weight” rating and issued a $289.00 target price (down from $308.00) on shares of Goldman Sachs Group in a report on Thursday, January 18th. Zacks Investment Research cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets dropped their target price on Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $256.75.
Goldman Sachs Group Inc (NYSE:GS) opened at $267.62 on Tuesday. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $100,946.66, a PE ratio of 31.08, a P/E/G ratio of 0.96 and a beta of 1.37.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter in the prior year, the company earned $5.08 EPS. Goldman Sachs Group’s revenue was down 4.2% on a year-over-year basis. analysts forecast that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 annualized dividend and a yield of 1.12%. Goldman Sachs Group’s dividend payout ratio (DPR) is 34.84%.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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