Y Intercept Hong Kong Ltd Purchases 1,679 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Y Intercept Hong Kong Ltd lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 130.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,964 shares of the investment management company’s stock after acquiring an additional 1,679 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in The Goldman Sachs Group were worth $1,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Partners Wealth Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth about $206,000. Delta Financial Group Inc. boosted its stake in The Goldman Sachs Group by 10.8% in the 4th quarter. Delta Financial Group Inc. now owns 1,184 shares of the investment management company’s stock worth $678,000 after purchasing an additional 115 shares during the period. MONECO Advisors LLC boosted its stake in The Goldman Sachs Group by 46.3% in the 4th quarter. MONECO Advisors LLC now owns 1,358 shares of the investment management company’s stock worth $778,000 after purchasing an additional 430 shares during the period. Howard Capital Management Inc. boosted its stake in The Goldman Sachs Group by 5.1% in the 4th quarter. Howard Capital Management Inc. now owns 2,242 shares of the investment management company’s stock worth $1,284,000 after purchasing an additional 108 shares during the period. Finally, Wealthspire Advisors LLC boosted its stake in The Goldman Sachs Group by 3.5% in the 4th quarter. Wealthspire Advisors LLC now owns 4,932 shares of the investment management company’s stock worth $2,824,000 after purchasing an additional 167 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $614.86 on Wednesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50 day simple moving average is $613.18 and its two-hundred day simple moving average is $560.79. The stock has a market capitalization of $191.86 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.48 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.95%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,475 shares of company stock worth $19,692,543. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GS shares. Citigroup lifted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Oppenheimer dropped their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $593.56.

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.