The Goldman Sachs Group, Inc. $GS Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,263 shares of the investment management company’s stock after purchasing an additional 2,836 shares during the quarter. UniSuper Management Pty Ltd’s holdings in The Goldman Sachs Group were worth $55,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dogwood Wealth Management LLC lifted its position in 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 in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth $26,000. First PREMIER Bank purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $28,000. Corundum Trust Company INC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $29,000. Finally, Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

More The Goldman Sachs Group News

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

The Goldman Sachs Group Trading Down 3.6%

Shares of GS stock opened at $919.82 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $984.70. The company has a 50 day moving average price of $882.31 and a 200 day moving average price of $800.42. The stock has a market capitalization of $275.88 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. 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 (NYSE:GSGet Free Report) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $11.95 EPS. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a 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 dividend payout ratio (DPR) is 31.20%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the sale, the director owned 555,000 shares in the company, valued at $535,758,150. This represents a 7.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 68,186 shares of company stock worth $65,820,670. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Bank of America increased their price objective on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Evercore ISI reissued an “outperform” rating on shares of The Goldman Sachs Group in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $898.00.

Get Our Latest Stock Report on GS

The Goldman Sachs Group 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

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

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