Deprince Race & Zollo Inc. Boosts Stake in The Goldman Sachs Group, Inc. $GS

Deprince Race & Zollo Inc. lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,687 shares of the investment management company’s stock after acquiring an additional 612 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in The Goldman Sachs Group were worth $34,006,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Acropolis Investment Management LLC raised its position in shares of The Goldman Sachs Group by 1.8% during the 4th quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock worth $554,000 after purchasing an additional 11 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its holdings in The Goldman Sachs Group by 2.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 11 shares during the last quarter. Terra Nova Asset Management LLC increased its holdings in shares of The Goldman Sachs Group by 0.5% during the 4th quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company’s stock worth $2,329,000 after buying an additional 12 shares during the last quarter. Bluesphere Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Bluesphere Advisors LLC now owns 1,620 shares of the investment management company’s stock worth $1,424,000 after buying an additional 12 shares during the last quarter. Finally, Howard Capital Management Inc. increased its holdings in shares of The Goldman Sachs Group by 0.5% during the 4th quarter. Howard Capital Management Inc. now owns 2,284 shares of the investment management company’s stock worth $2,008,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.1%

Shares of The Goldman Sachs Group stock opened at $906.83 on Monday. The Goldman Sachs Group, Inc. has a 52-week low of $478.58 and a 52-week high of $984.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The company’s 50-day simple moving average is $870.43 and its 200-day simple moving average is $854.50. The firm has a market cap of $267.51 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.19 and a beta of 1.32.

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 (EPS) for the quarter, topping 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 15.72%. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period in the previous year, the business posted $11.95 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 2nd were given a dividend of $4.50 per share. The ex-dividend date was Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.09%.

Key Headlines Impacting The Goldman Sachs Group

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

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,863 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the transaction, the chief accounting officer directly owned 10,301 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the transaction, the insider owned 18,533 shares in the company, valued at $17,189,542.83. The trade was a 34.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 117,283 shares of company stock valued at $112,016,033 in the last ninety days. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. HSBC decreased their price target on shares of The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday, April 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Bank of America lifted their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, BMO Capital Markets cut their price target on shares of The Goldman Sachs Group from $985.00 to $905.00 and set a “market perform” rating on the stock in a research note on Monday, April 6th. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $924.24.

Get Our Latest Report on GS

The Goldman Sachs Group Company 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.

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

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