International Assets Investment Management LLC Buys New Shares in The Goldman Sachs Group, Inc. $GS

International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,909 shares of the investment management company’s stock, valued at approximately $3,113,000.

A number of other hedge funds also recently bought and sold shares of the stock. Dogwood Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares during the period. Harbor Capital Advisors Inc. purchased a new position in The Goldman Sachs Group in the third quarter worth approximately $26,000. First PREMIER Bank acquired a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $28,000. Corundum Trust Company INC purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $29,000. Finally, Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key The Goldman Sachs Group News

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

Insider Activity at The Goldman Sachs Group

In other news, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction on Friday, January 16th. The shares were sold at an average price of $965.33, for a total value of $43,439,850.00. Following the transaction, the director directly owned 555,000 shares of the company’s stock, valued at $535,758,150. The trade was a 7.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 68,186 shares of company stock valued at $65,820,670. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $919.82 on Friday. The stock’s 50-day moving average is $882.31 and its two-hundred day moving average is $801.14. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. 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 cap of $275.88 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.11 and a beta of 1.33.

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

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s payout ratio is 35.09%.

Analysts Set New Price Targets

GS has been the subject of several recent analyst reports. Argus lifted their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Rothschild & Co Redburn lifted their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Evercore ISI reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research report on Friday, January 16th. Jefferies Financial Group raised their target price on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Daiwa Capital Markets boosted their target price on The Goldman Sachs Group from $823.00 to $927.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $898.00.

Check Out Our Latest Stock Analysis on GS

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.

See Also

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

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