one8zero8 LLC Buys New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

one8zero8 LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 5,021 shares of the investment management company’s stock, valued at approximately $2,875,000.

Several other large investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its stake in 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 buying an additional 7,475,140 shares during the last quarter. Fisher Asset Management LLC grew its stake in The Goldman Sachs Group by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after buying an additional 112,696 shares during the last quarter. FMR LLC grew its stake in 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. Charles Schwab Investment Management Inc. grew its stake in The Goldman Sachs Group by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock worth $1,109,081,000 after buying an additional 22,794 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in The Goldman Sachs Group by 1.1% during 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 worth $845,466,000 after buying an additional 18,541 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GS. Oppenheimer decreased their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Citigroup upped their target price on shares of 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. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $594.27.

The Goldman Sachs Group Stock Up 3.3 %

Shares of NYSE:GS opened at $542.31 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $383.41 and a 52 week high of $672.19. 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 company has a market capitalization of $169.22 billion, a PE ratio of 13.37, a PEG ratio of 0.89 and a beta of 1.37. The company has a 50 day moving average price of $612.79 and a two-hundred day moving average price of $566.78.

The Goldman Sachs Group (NYSE:GS) last issued 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the firm earned $5.48 earnings per share. The business’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Kevin R. Johnson acquired 2,400 shares of the stock in a transaction dated Friday, January 17th. The stock was 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 of the company’s stock, valued at approximately $1,485,648. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.54% of the company’s stock.

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.