Asset Management One Co. Ltd. Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Asset Management One Co. Ltd. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 224,148 shares of the investment management company’s stock after buying an additional 5,541 shares during the quarter. Asset Management One Co. Ltd.’s holdings in The Goldman Sachs Group were worth $129,144,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $26,000. West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $30,000. DT Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $38,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at $2,898,440.48. The trade was a 44.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on 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 sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 in the last ninety days. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group upped their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price 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. Morgan Stanley increased their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Oppenheimer dropped their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Stock Up 0.0 %

Shares of NYSE GS opened at $649.19 on Friday. The business has a 50-day moving average of $602.89 and a two-hundred day moving average of $550.12. The company has a market capitalization of $201.54 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1 year low of $375.77 and a 1 year high of $663.87. 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during 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 firm’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

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.