The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 30.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,605 shares of the investment management company’s stock after buying an additional 49,710 shares during the period. Nordea Investment Management AB owned approximately 0.07% of The Goldman Sachs Group worth $122,453,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Great Lakes Advisors LLC grew its holdings in The Goldman Sachs Group by 39.2% during the second quarter. Great Lakes Advisors LLC now owns 8,754 shares of the investment management company’s stock worth $3,960,000 after acquiring an additional 2,467 shares during the period. Norden Group LLC boosted its holdings in The Goldman Sachs Group by 23.1% during the second quarter. Norden Group LLC now owns 649 shares of the investment management company’s stock worth $293,000 after buying an additional 122 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in The Goldman Sachs Group during the second quarter worth about $138,000. Acadian Asset Management LLC lifted its position in shares of The Goldman Sachs Group by 6,702.1% during the 2nd quarter. Acadian Asset Management LLC now owns 28,637 shares of the investment management company’s stock valued at $12,949,000 after acquiring an additional 28,216 shares during the period. Finally, Certuity LLC boosted its stake in shares of The Goldman Sachs Group by 36.7% during the 2nd quarter. Certuity LLC now owns 1,162 shares of the investment management company’s stock worth $525,000 after acquiring an additional 312 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

GS opened at $584.22 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $372.07 and a 1 year high of $612.73. The company’s 50 day simple moving average is $579.47 and its 200 day simple moving average is $522.58. The stock has a market capitalization of $183.39 billion, a PE ratio of 17.14, a P/E/G ratio of 0.85 and a beta of 1.38. 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 announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $5.47 EPS. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 2nd were issued a $3.00 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.05%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GS has been the subject of several research reports. Bank of America lifted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. JMP Securities raised their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Oppenheimer reduced their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Company Profile

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.