Zurcher Kantonalbank Zurich Cantonalbank Acquires 653 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,939 shares of the investment management company’s stock after acquiring an additional 653 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Goldman Sachs Group were worth $39,711,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GS. Norges Bank bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $759,531,000. Morgan Stanley lifted its stake in The Goldman Sachs Group by 40.0% in the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after purchasing an additional 1,696,350 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 168,772.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock worth $427,367,000 after purchasing an additional 1,243,852 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after purchasing an additional 650,918 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in The Goldman Sachs Group by 1,791.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 515,358 shares of the investment management company’s stock worth $168,579,000 after purchasing an additional 488,109 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,277 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the transaction, the insider now directly owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Kathryn H. Ruemmler sold 7,277 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the transaction, the insider now directly owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,907 shares of company stock valued at $13,950,851. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $396.51 on Wednesday. The company has a market capitalization of $128.68 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The firm has a 50 day moving average of $395.32 and a 200 day moving average of $365.08.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $8.79 earnings per share. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. Bank of America raised their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays boosted their price target on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Royal Bank of Canada boosted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday. BMO Capital Markets boosted their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, UBS Group boosted their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $434.93.

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.