Van ECK Associates Corp Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Van ECK Associates Corp increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409 shares of the investment management company’s stock after purchasing an additional 270 shares during the period. Van ECK Associates Corp’s holdings in The Goldman Sachs Group were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PDS Planning Inc acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $210,000. Boenning & Scattergood Inc. grew its position in shares of The Goldman Sachs Group by 7.6% during the 4th quarter. Boenning & Scattergood Inc. now owns 1,994 shares of the investment management company’s stock valued at $658,000 after acquiring an additional 140 shares during the period. HB Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 18.7% in the 4th quarter. HB Wealth Management LLC now owns 7,244 shares of the investment management company’s stock valued at $2,487,000 after purchasing an additional 1,139 shares in the last quarter. Childress Capital Advisors LLC raised its holdings in The Goldman Sachs Group by 15.0% in the 4th quarter. Childress Capital Advisors LLC now owns 822 shares of the investment management company’s stock worth $282,000 after purchasing an additional 107 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in The Goldman Sachs Group by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 212,517 shares of the investment management company’s stock valued at $62,278,000 after purchasing an additional 6,368 shares during the period. 69.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 3,749 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $10.58, for a total transaction of $39,664.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Goldman Sachs Group Inc sold 3,749 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $10.58, for a total value of $39,664.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $337.66, for a total transaction of $1,012,980.00. Following the sale, the insider now directly owns 15,052 shares in the company, valued at $5,082,458.32. The disclosure for this sale can be found here. Insiders have sold a total of 28,938,775 shares of company stock valued at $567,462,983 over the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GS. Royal Bank of Canada increased their target price on The Goldman Sachs Group from $339.00 to $375.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of The Goldman Sachs Group from $430.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. JMP Securities raised their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Wednesday, April 19th. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $420.00 to $390.00 and set an “overweight” rating for the company in a report on Monday, April 3rd. Finally, UBS Group raised The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $389.17.

The Goldman Sachs Group Price Performance

GS stock opened at $322.07 on Tuesday. The Goldman Sachs Group, Inc. has a 52-week low of $277.84 and a 52-week high of $389.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. The stock has a market cap of $107.07 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40. The business has a fifty day moving average of $327.15 and a two-hundred day moving average of $349.69.

The Goldman Sachs Group (NYSE:GS – Get Rating) last issued its quarterly earnings data on Tuesday, April 18th. The investment management company reported $8.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.14 by $0.65. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $12.66 billion. The Goldman Sachs Group had a return on equity of 9.84% and a net margin of 13.23%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $10.76 EPS. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 31.83 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 1st will be issued a $2.50 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $10.00 annualized dividend and a yield of 3.10%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.60%.

The Goldman Sachs Group Company Profile

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The Goldman Sachs Group, Inc engages in the provision of financial services. It operates through the following business segments: Global Banking and Markets, Asset and Wealth Management, and Platform Solutions. The Global Banking and Markets segment includes investment banking, equity and debt underwriting, Fixed Income, Currency, and Commodities (FICC) intermediation and financing activities, relationship lending and acquisition financing, and investing activities.