Natixis Advisors LLC Purchases 5,268 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Natixis Advisors LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 454,075 shares of the investment management company’s stock after acquiring an additional 5,268 shares during the quarter. Natixis Advisors LLC’s holdings in The Goldman Sachs Group were worth $260,012,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GS. Frank Rimerman Advisors LLC lifted its position in The Goldman Sachs Group by 2.1% during the fourth quarter. Frank Rimerman Advisors LLC now owns 2,157 shares of the investment management company’s stock valued at $1,235,000 after purchasing an additional 44 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $879,000. Picton Mahoney Asset Management lifted its position in The Goldman Sachs Group by 3.2% during the fourth quarter. Picton Mahoney Asset Management now owns 36,919 shares of the investment management company’s stock valued at $21,140,000 after purchasing an additional 1,134 shares during the last quarter. Kestra Advisory Services LLC lifted its position in The Goldman Sachs Group by 15.0% during the fourth quarter. Kestra Advisory Services LLC now owns 65,286 shares of the investment management company’s stock valued at $37,384,000 after purchasing an additional 8,511 shares during the last quarter. Finally, Midwest Professional Planners LTD. lifted its position in The Goldman Sachs Group by 16.4% during the fourth quarter. Midwest Professional Planners LTD. now owns 5,206 shares of the investment management company’s stock valued at $2,981,000 after purchasing an additional 732 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on GS. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lifted 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 note on Thursday, January 16th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $594.27.

The Goldman Sachs Group Trading Up 3.3 %

The Goldman Sachs Group stock opened at $542.31 on Friday. The firm has a 50 day moving average of $612.79 and a 200 day moving average of $566.37. The firm has a market capitalization of $169.22 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12-month low of $383.41 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 Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.48 EPS. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.21%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Activity

In related news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by insiders.

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.