The Goldman Sachs Group, Inc. $GS Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,276 shares of the investment management company’s stock after buying an additional 3,008 shares during the quarter. Nisa Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $80,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dagco Inc. acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $26,000. First PREMIER Bank acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $28,000. Corundum Trust Company INC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $29,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 20 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 4.6%

Shares of NYSE:GS opened at $844.98 on Wednesday. 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 $249.26 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth 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 business’s 50 day moving average price is $879.64 and its 200-day moving average price is $849.89.

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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $11.95 EPS. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 2nd were given a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 2.1%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date was Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.09%.

The Goldman Sachs Group News Summary

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GS shares. Argus boosted their target price on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday, December 22nd. BNP Paribas Exane upped their price objective on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Daiwa Securities Group increased their target price on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Autonomous Res dropped their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $919.29.

Get Our Latest Analysis on GS

Insiders Place Their Bets

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

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

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.