GQG Partners LLC Purchases New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

GQG Partners LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,870 shares of the investment management company’s stock, valued at approximately $2,789,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the 4th quarter worth $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter worth $30,000. Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GS. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Morgan Stanley lowered their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $591.93.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 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 $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last quarter. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $581.12 on Tuesday. The company has a 50-day moving average of $611.24 and a 200-day moving average of $569.86. The firm has a market cap of $181.33 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 11.32% and a return on equity of 13.30%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $5.48 earnings per share. 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 dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

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.