1,685 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Skopos Labs Inc.

Skopos Labs Inc. purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,685 shares of the investment management company’s stock, valued at approximately $650,000.

Several other institutional investors also recently modified their holdings of the stock. First United Bank & Trust purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $26,000. Truvestments Capital LLC raised its holdings in The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $32,000. Signature Resources Capital Management LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in The Goldman Sachs Group during the 4th quarter worth $42,000. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GS shares. JMP Securities boosted their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a report on Tuesday, April 16th. Royal Bank of Canada raised their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Finally, Citigroup boosted their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $440.57.

View Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Trading Up 0.7 %

NYSE GS traded up $3.03 on Friday, reaching $461.18. The company had a trading volume of 1,932,265 shares, compared to its average volume of 2,347,226. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $471.48. The stock’s 50 day moving average is $423.67 and its 200-day moving average is $389.26. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The stock has a market cap of $148.71 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 0.94 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period last year, the business posted $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group, Inc. will post 36.57 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.39%. The Goldman Sachs Group’s payout ratio is 42.95%.

The Goldman Sachs Group Profile

(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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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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