The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by DE Burlo Group Inc.

DE Burlo Group Inc. boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,300 shares of the investment management company’s stock after acquiring an additional 9,400 shares during the period. The Goldman Sachs Group accounts for about 3.5% of DE Burlo Group Inc.’s holdings, making the stock its 10th biggest position. DE Burlo Group Inc.’s holdings in The Goldman Sachs Group were worth $25,940,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $1,603,315,000. Raymond James Financial Inc. acquired a new position in The Goldman Sachs Group during the fourth quarter worth $624,844,000. Proficio Capital Partners LLC raised its position in The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after acquiring an additional 1,052,204 shares in the last quarter. FMR LLC lifted its holdings in The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock valued at $2,053,614,000 after acquiring an additional 687,711 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of The Goldman Sachs Group by 1,400.8% during the 4th quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock worth $239,982,000 after purchasing an additional 391,170 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Hess purchased 3,904 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $544.95 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $419.64 and a 1 year high of $672.19. The company’s 50 day simple moving average is $548.95 and its 200 day simple moving average is $573.46. The company has a market capitalization of $170.05 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.89 and a beta of 1.33. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter last year, the firm earned $11.58 earnings per share. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Evercore ISI dropped their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. Finally, JMP Securities lowered their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $593.40.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.