ABN AMRO Bank N.V. Takes Position in The Goldman Sachs Group, Inc. $GS

ABN AMRO Bank N.V. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,765 shares of the investment management company’s stock, valued at approximately $1,401,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its position in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after buying an additional 735 shares during the last quarter. Country Club Bank bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at approximately $238,000. Finally, Sax Wealth Advisors LLC grew its stake in shares of The Goldman Sachs Group by 1.6% in the second quarter. Sax Wealth Advisors LLC now owns 1,353 shares of the investment management company’s stock worth $958,000 after acquiring an additional 21 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 2.6%

Shares of GS opened at $889.22 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The company has a 50-day moving average price of $907.20 and a two-hundred day moving average price of $814.39. The stock has a market cap of $266.70 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 1.12 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the previous year, the firm earned $11.95 EPS. The Goldman Sachs Group’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is currently 35.09%.

Analysts Set New Price Targets

Several research firms recently commented on GS. BNP Paribas Exane upped their target price on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a research report on Tuesday, January 20th. Dbs Bank increased their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research note on Friday, January 16th. Finally, Bank of America upped their price target on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $907.43.

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Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the completion of the transaction, the treasurer directly owned 2,017 shares of the company’s stock, valued at $1,870,101.89. This trade represents a 58.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the completion of the transaction, the insider owned 18,533 shares in the company, valued at approximately $17,189,542.83. This trade represents a 34.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,513 shares of company stock worth $83,718,401 over the last ninety days. Company insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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