The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,584,202 shares of the investment management company’s stock after buying an additional 161,500 shares during the quarter. Geode Capital Management LLC’s holdings in The Goldman Sachs Group were worth $3,761,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Nemes Rush Group LLC lifted its stake 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 valued at $456,000 after buying an additional 480 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of The Goldman Sachs Group by 1.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 5,895 shares of the investment management company’s stock valued at $3,749,000 after acquiring an additional 112 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of The Goldman Sachs Group by 8.8% during the fourth quarter. Franklin Resources Inc. now owns 1,805,371 shares of the investment management company’s stock valued at $1,033,799,000 after acquiring an additional 145,283 shares during the last quarter. Seven Mile Advisory raised its stake in The Goldman Sachs Group by 5.8% in the 4th quarter. Seven Mile Advisory now owns 744 shares of the investment management company’s stock valued at $426,000 after purchasing an additional 41 shares during the last quarter. Finally, Summit Financial LLC raised its stake in The Goldman Sachs Group by 9.0% in the 4th quarter. Summit Financial LLC now owns 3,042 shares of the investment management company’s stock valued at $1,742,000 after purchasing an additional 251 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $546.75 on Tuesday. The firm has a market cap of $170.61 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.89 and a beta of 1.37. The business’s 50 day moving average is $606.55 and its two-hundred day moving average is $572.88. 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, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19.

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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the company earned $5.48 earnings per share. The Goldman Sachs Group’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 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

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 that occurred 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 represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were 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 position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last 90 days. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GS shares. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Wells Fargo & Company decreased their price objective on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a report on Friday. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup decreased their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Finally, Morgan Stanley lowered their price objective 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. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $590.60.

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.