Ensign Peak Advisors Inc Acquires 57,393 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Ensign Peak Advisors Inc boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.8% during the 4th quarter, HoldingsChannel reports. The fund owned 506,680 shares of the investment management company’s stock after purchasing an additional 57,393 shares during the period. Ensign Peak Advisors Inc’s holdings in The Goldman Sachs Group were worth $290,135,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $30,000. Transce3nd LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GS. UBS Group increased their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company reduced their price target on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $593.40.

The Goldman Sachs Group Trading Up 2.6 %

Shares of NYSE:GS opened at $566.20 on Friday. The company has a market capitalization of $176.68 billion, a PE ratio of 13.96, a P/E/G ratio of 0.89 and a beta of 1.32. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The business’s fifty day simple moving average is $536.18 and its 200-day simple moving average is $575.65.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the company posted $11.58 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.12%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

The Goldman Sachs Group Company 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.