Mn Services Vermogensbeheer B.V. Raises Holdings in The Goldman Sachs Group, Inc. $GS

Mn Services Vermogensbeheer B.V. increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,249 shares of the investment management company’s stock after buying an additional 9,349 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in The Goldman Sachs Group were worth $61,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Fisher Asset Management LLC increased its holdings in shares of The Goldman Sachs Group by 1.9% in the 3rd quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company’s stock valued at $5,304,824,000 after acquiring an additional 121,676 shares during the period. Invesco Ltd. raised its position in shares of The Goldman Sachs Group by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company’s stock worth $2,319,905,000 after acquiring an additional 97,387 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of The Goldman Sachs Group by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company’s stock worth $1,680,393,000 after purchasing an additional 28,642 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of The Goldman Sachs Group by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after purchasing an additional 291,280 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in The Goldman Sachs Group by 110.8% during the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after purchasing an additional 936,015 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

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

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 11,623 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the transaction, the chief financial officer owned 29,342 shares in the company, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 272 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the transaction, the chief executive officer directly owned 125,527 shares of the company’s stock, valued at approximately $117,859,810.84. This represents a 0.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 117,283 shares of company stock worth $112,016,033 over the last ninety days. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 0.6%

Shares of NYSE:GS opened at $808.02 on Tuesday. The business’s 50-day moving average is $881.59 and its 200 day moving average is $849.44. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70. The firm has a market capitalization of $238.36 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same period last year, the business posted $11.95 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 2nd were given a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is 35.09%.

Analyst Ratings Changes

GS has been the topic of several analyst reports. UBS Group reiterated a “neutral” rating and issued a $990.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Jefferies Financial Group raised their price target on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $815.00 to $826.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Finally, Bank of America boosted their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $919.29.

Get Our Latest Stock Analysis on The Goldman Sachs Group

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.

Further Reading

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

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