Flputnam Investment Management Co. Buys 90 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Flputnam Investment Management Co. grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,128 shares of the investment management company’s stock after acquiring an additional 90 shares during the period. Flputnam Investment Management Co.’s holdings in The Goldman Sachs Group were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GS. Mizuho Securities USA LLC boosted its holdings in The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after acquiring an additional 7,475,140 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock valued at $2,991,772,000 after purchasing an additional 161,133 shares during the last quarter. FMR LLC grew its position in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after buying an additional 521,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in The Goldman Sachs Group by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after buying an additional 18,541 shares during the period. Finally, Franklin Resources Inc. boosted its stake in The Goldman Sachs Group by 3.9% in the third quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after acquiring an additional 62,246 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of analyst reports. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Citigroup boosted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Barclays lifted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $604.84 on Tuesday. 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 firm has a market cap of $188.73 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock’s 50-day moving average is $617.42 and its 200-day moving average is $564.16. 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 released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.48 EPS. Equities analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Kevin R. Johnson purchased 2,400 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,925 shares of company stock worth $12,630,683. Insiders own 0.54% of the company’s stock.

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.