NorthCoast Asset Management LLC purchased a new position in shares of Goldman Sachs Group Inc (NYSE:GS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,635 shares of the investment management company’s stock, valued at approximately $5,766,000.

Other large investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its stake in Goldman Sachs Group by 9.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after buying an additional 7,736 shares during the last quarter. Commonwealth Bank of Australia grew its stake in Goldman Sachs Group by 5.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after buying an additional 4,390 shares during the last quarter. Quantbot Technologies LP grew its stake in Goldman Sachs Group by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after buying an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in Goldman Sachs Group by 29.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after buying an additional 4,714 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake in Goldman Sachs Group by 23.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after buying an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 73.52% of the company’s stock.

A number of research firms recently issued reports on GS. Morgan Stanley raised their price target 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 issued a $320.00 target price 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 target price on the stock 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 lifted their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $256.20.

In related news, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,366,544.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Viniar sold 25,000 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total value of $5,950,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,414 shares of company stock worth $39,361,490. Company insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $258.70 on Wednesday. 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 Inc has a 12 month low of $209.62 and a 12 month high of $273.79. The firm has a market capitalization of $93,964.66, a P/E ratio of 30.05, a P/E/G ratio of 0.90 and a beta of 1.37.

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 for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the previous year, the business earned $5.08 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. research analysts anticipate that Goldman Sachs Group Inc will post 21.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.16%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 34.84%.

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About Goldman Sachs Group

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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