Commerzbank Aktiengesellschaft FI Acquires 5,705 Shares of The Goldman Sachs Group, Inc. $GS

Commerzbank Aktiengesellschaft FI increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,817 shares of the investment management company’s stock after buying an additional 5,705 shares during the quarter. The Goldman Sachs Group accounts for about 1.0% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 26th biggest holding. Commerzbank Aktiengesellschaft FI’s holdings in The Goldman Sachs Group were worth $48,432,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GS. Dogwood Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $26,000. First PREMIER Bank acquired a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $28,000. Corundum Trust Company INC bought a new position in The Goldman Sachs Group in the 3rd quarter valued at approximately $29,000. Finally, Clearstead Trust LLC bought a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $31,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $919.82 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $984.70. The company has a 50 day simple moving average of $882.31 and a two-hundred day simple moving average of $801.14. The company has a market capitalization of $275.88 billion, a PE ratio of 17.93, a P/E/G ratio of 1.11 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $11.95 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is currently 35.09%.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GS. Evercore ISI reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research note on Friday, January 16th. Morgan Stanley cut their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Bank of America upped their target price on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, January 16th. UBS Group increased their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada boosted their price target on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $898.00.

Read Our Latest Report on The Goldman Sachs Group

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 19,796 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $964.27, for a total value of $19,088,688.92. Following the completion of the sale, the director directly owned 103,390 shares in the company, valued at approximately $99,695,875.30. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 68,186 shares of company stock valued at $65,820,670 in the last ninety days. Insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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