Next Capital Management LLC Takes $231,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Next Capital Management LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 600 shares of the investment management company’s stock, valued at approximately $231,000.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp increased its position in The Goldman Sachs Group by 0.4% during the 2nd quarter. State Street Corp now owns 19,822,469 shares of the investment management company’s stock worth $6,393,539,000 after buying an additional 76,641 shares during the period. Morgan Stanley increased its position in The Goldman Sachs Group by 40.0% during the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after buying an additional 1,696,350 shares during the period. Bank of New York Mellon Corp increased its position in The Goldman Sachs Group by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock worth $1,396,236,000 after buying an additional 52,016 shares during the period. Northern Trust Corp increased its position in The Goldman Sachs Group by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock worth $1,080,676,000 after buying an additional 104,424 shares during the period. Finally, Invesco Ltd. increased its position in The Goldman Sachs Group by 6.1% during the 3rd quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after buying an additional 159,512 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Edward Jones initiated coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. JMP Securities restated a “market outperform” rating and issued a $440.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. Finally, UBS Group raised their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.10.

Read Our Latest Stock Analysis on GS

Insider Buying and Selling

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 38,907 shares of company stock valued at $15,080,021 over the last ninety days. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $417.69 on Friday. The business’s 50-day moving average price is $390.11 and its 200-day moving average price is $358.60. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $419.20. The firm has a market capitalization of $135.55 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.60 and a beta of 1.42. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the firm posted $3.32 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 48.20%.

About The Goldman Sachs Group

(Free Report)

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.

See Also

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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