Norden Group LLC Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Norden Group LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 794 shares of the investment management company’s stock after purchasing an additional 112 shares during the quarter. Norden Group LLC’s holdings in The Goldman Sachs Group were worth $455,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GS. Mizuho Securities USA LLC grew its holdings in shares of The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of The Goldman Sachs Group by 14,007.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after purchasing an additional 1,052,204 shares during the last quarter. FMR LLC grew its holdings in shares of The Goldman Sachs Group by 21.9% during the third 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 last quarter. Ieq Capital LLC grew its holdings in shares of The Goldman Sachs Group by 1,400.8% during the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock worth $239,982,000 after buying an additional 391,170 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after buying an additional 251,972 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

GS stock opened at $604.84 on Tuesday. The firm has a 50 day moving average of $617.42 and a 200-day moving average of $564.16. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $188.73 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the firm earned $5.48 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Activity

In related news, CAO Sheara J. Fredman sold 2,034 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 $627.01, for a total transaction of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin R. Johnson acquired 2,400 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research reports. UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Citigroup raised their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.69.

The Goldman Sachs Group 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.