Union Bancaire Privee UBP SA Grows Stock Holdings in The Goldman Sachs Group, Inc. $GS

Union Bancaire Privee UBP SA raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 246.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,934 shares of the investment management company’s stock after buying an additional 61,106 shares during the period. The Goldman Sachs Group comprises about 1.1% of Union Bancaire Privee UBP SA’s holdings, making the stock its 17th largest position. Union Bancaire Privee UBP SA’s holdings in The Goldman Sachs Group were worth $71,915,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GS. Harbor Capital Advisors Inc. acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $26,000. First PREMIER Bank acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth $28,000. Corundum Trust Company INC purchased a new stake in The Goldman Sachs Group in the third quarter valued at $29,000. Elevation Wealth Partners LLC grew its holdings in shares of The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after purchasing an additional 20 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of The Goldman Sachs Group by 114.3% during the third quarter. True Wealth Design LLC now owns 45 shares of the investment management company’s stock worth $36,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $810.10 on Friday. The stock has a market cap of $240.40 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.99 and a beta of 1.34. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The stock’s 50 day simple moving average is $899.61 and its 200 day simple moving average is $844.56. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The Goldman Sachs Group’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $11.95 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $18.00 annualized dividend and a dividend yield of 2.2%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is presently 35.09%.

Trending Headlines about The Goldman Sachs Group

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a report on Friday, January 16th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Rothschild & Co Redburn upped their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Autonomous Res decreased their target price on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $919.29.

View Our Latest Report on GS

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 13,151 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the completion of the transaction, the executive vice president directly owned 39,007 shares in the company, valued at approximately $37,408,883.21. This trade represents a 25.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the transaction, the chief financial officer owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. The trade was a 28.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 117,283 shares of company stock worth $112,016,033 in the last 90 days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Company 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.

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

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