Discovery Capital Management LLC CT Acquires New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Discovery Capital Management LLC CT acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,000 shares of the investment management company’s stock, valued at approximately $6,871,000.

Other institutional investors and hedge funds have also modified their holdings of the company. May Hill Capital LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter worth about $638,000. PFC Capital Group Inc. grew its holdings in shares of The Goldman Sachs Group by 44.4% during the 4th quarter. PFC Capital Group Inc. now owns 975 shares of the investment management company’s stock worth $558,000 after purchasing an additional 300 shares during the period. Boston Family Office LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $212,000. Geode Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company’s stock worth $3,761,576,000 after buying an additional 161,500 shares during the period. Finally, Nemes Rush Group LLC boosted its holdings in The Goldman Sachs Group by 151.9% in the 4th quarter. Nemes Rush Group LLC now owns 796 shares of the investment management company’s stock worth $456,000 after acquiring an additional 480 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the firm’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 transaction, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 over the last quarter. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $546.75 on Tuesday. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19. The company has a market capitalization of $170.61 billion, a P/E ratio of 13.48, a P/E/G ratio of 0.89 and a beta of 1.37. The stock has a 50 day moving average of $606.55 and a 200-day moving average of $572.88. 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 announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GS shares. Morgan Stanley dropped their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. UBS Group lifted their target price 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. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $590.60.

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.