Caisse Des Depots ET Consignations Acquires New Position in The Goldman Sachs Group, Inc. $GS

Caisse Des Depots ET Consignations acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 691 shares of the investment management company’s stock, valued at approximately $607,000.

Other hedge funds also recently made changes to their positions in the company. Hartline Investment Corp grew its holdings in The Goldman Sachs Group by 153.3% during the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after purchasing an additional 860 shares in the last quarter. A4 Wealth Advisors LLC acquired a new stake in The Goldman Sachs Group during the 3rd quarter valued at $940,000. Stevens Capital Management LP acquired a new stake in The Goldman Sachs Group during the 3rd quarter valued at $1,392,000. Meridian Wealth Management LLC grew its holdings in The Goldman Sachs Group by 39.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after purchasing an additional 659 shares in the last quarter. Finally, AlTi Global Inc. grew its holdings in The Goldman Sachs Group by 87.3% during the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after purchasing an additional 13,879 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John F.W. Rogers sold 13,151 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the transaction, the executive vice president directly owned 39,007 shares of the company’s stock, valued at approximately $37,408,883.21. The trade was a 25.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 1,200 shares of The Goldman Sachs Group stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $933.30, for a total transaction of $1,119,960.00. Following the completion of the transaction, the insider directly owned 4,809 shares of the company’s stock, valued at $4,488,239.70. This trade represents a 19.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 32,001 shares of company stock valued at $30,367,306. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $923.32 on Friday. The firm has a market cap of $272.37 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.19 and a beta of 1.28. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.10 and a quick ratio of 0.66. The Goldman Sachs Group, Inc. has a 1-year low of $547.06 and a 1-year high of $984.70. The firm has a fifty day moving average of $869.26 and a two-hundred day moving average of $866.35.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $14.12 EPS. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 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 Monday, June 29th. Stockholders of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Rothschild & Co Redburn raised their price target on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Wells Fargo & Company lowered their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday, April 13th. HSBC decreased their price objective on shares of The Goldman Sachs Group from $802.00 to $729.00 in a report on Wednesday, April 1st. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Morgan Stanley decreased their price objective on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $922.71.

Get Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Company Profile

(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.

Further Reading

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

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