The Goldman Sachs Group, Inc. $GS Shares Purchased by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 28.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,369 shares of the investment management company’s stock after buying an additional 1,620 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in The Goldman Sachs Group were worth $5,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GS. Norges Bank acquired a new position in The Goldman Sachs Group during the second quarter valued at $2,138,031,000. AGF Management Ltd. lifted its holdings in shares of The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after buying an additional 466,187 shares during the period. Laurel Wealth Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 100,678.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock valued at $286,017,000 after buying an additional 403,721 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of The Goldman Sachs Group by 18.2% in the second quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after buying an additional 291,280 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in The Goldman Sachs Group by 3.6% during the second quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock worth $4,628,507,000 after acquiring an additional 227,604 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GS. Rothschild & Co Redburn boosted their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Bank of America raised their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a report on Friday, January 16th. Finally, UBS Group reissued a “neutral” rating and set a $990.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $907.43.

Read Our Latest Stock Report on GS

Key Headlines Impacting The Goldman Sachs Group

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

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,863 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $923.75, for a total value of $4,492,196.25. Following the completion of the sale, the chief accounting officer directly owned 10,301 shares in the company, valued at $9,515,548.75. This represents a 32.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Solomon sold 272 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the transaction, the chief executive officer directly owned 125,527 shares in the company, valued at approximately $117,859,810.84. This represents a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 87,513 shares of company stock worth $83,718,401 in the last quarter. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 4.4%

Shares of NYSE GS opened at $929.47 on Friday. The firm has a market cap of $278.78 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34. The company’s 50-day simple moving average is $909.26 and its 200-day simple moving average is $815.94. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $984.70.

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

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $4.50 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 31.20%.

The Goldman Sachs Group Profile

(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.

Featured Articles

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.