Daiwa Securities Group Inc. lifted its position in Goldman Sachs Group Inc (NYSE:GS) by 116.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,900 shares of the investment management company’s stock after purchasing an additional 30,593 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Goldman Sachs Group were worth $14,495,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Gs Investments Inc. acquired a new position in Goldman Sachs Group during the second quarter worth $111,000. Cerebellum GP LLC acquired a new position in Goldman Sachs Group during the fourth quarter worth $122,000. FNY Managed Accounts LLC raised its stake in Goldman Sachs Group by 605.1% during the second quarter. FNY Managed Accounts LLC now owns 557 shares of the investment management company’s stock worth $123,000 after acquiring an additional 478 shares in the last quarter. Westside Investment Management Inc. raised its stake in Goldman Sachs Group by 450.0% during the third quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after acquiring an additional 450 shares in the last quarter. Finally, Howe & Rusling Inc. acquired a new position in Goldman Sachs Group during the third quarter worth $142,000. Hedge funds and other institutional investors own 73.52% of the company’s stock.

In other Goldman Sachs Group news, insider David M. Solomon sold 2,400 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider R. Martin Chavez sold 11,829 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total value of $3,066,313.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 170,243 shares of company stock worth $42,427,803. 2.57% of the stock is owned by company insiders.

Goldman Sachs Group Inc (NYSE GS) opened at $249.30 on Friday. The stock has a market capitalization of $94,040.00, a PE ratio of 28.75, a P/E/G ratio of 0.93 and a beta of 1.37. Goldman Sachs Group Inc has a 1-year low of $209.62 and a 1-year high of $273.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.78. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.08 earnings per share. equities analysts forecast that Goldman Sachs Group Inc will post 21.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is 34.60%.

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Co reiterated an “outperform” rating and set a $320.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price objective for the company in a research note on Tuesday, December 19th. Vertical Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Finally, Barclays increased their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $256.75.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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