Mizuho Securities Co. Ltd. Buys New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Mizuho Securities Co. Ltd. bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 450 shares of the investment management company’s stock, valued at approximately $258,000. The Goldman Sachs Group makes up approximately 3.9% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 9th biggest position.

Other institutional investors 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 4th quarter worth about $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 1.0 %

GS opened at $586.16 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The company’s 50-day moving average price is $611.53 and its two-hundred day moving average price is $570.61. The stock has a market cap of $182.90 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

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

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin R. Johnson purchased 2,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $619.02 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last three months. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating 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 research note on Tuesday, January 21st. Barclays increased their price objective on 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, Citigroup cut their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $593.27.

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.