The Goldman Sachs Group, Inc. $GS Shares Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. increased its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,208 shares of the investment management company’s stock after purchasing an additional 3,046 shares during the period. Braun Stacey Associates Inc.’s holdings in The Goldman Sachs Group were worth $30,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GS. Wellington Management Group LLP raised its holdings in shares of The Goldman Sachs Group by 110.8% in the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after buying an additional 936,015 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of The Goldman Sachs Group by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock valued at $1,345,924,000 after acquiring an additional 291,280 shares during the period. Danske Bank A S purchased a new position in The Goldman Sachs Group in the 3rd quarter worth $178,941,000. Alliancebernstein L.P. raised its stake in The Goldman Sachs Group by 14.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,710,516 shares of the investment management company’s stock worth $1,210,618,000 after acquiring an additional 215,230 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at about $152,166,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other news, insider Alex S. Golten sold 1,092 shares of The Goldman Sachs Group stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $936.89, for a total value of $1,023,083.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 11,623 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the sale, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at $27,627,546.94. This represents a 28.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,283 shares of company stock worth $112,016,033 in the last 90 days. 0.55% of the stock is owned by insiders.

Key The Goldman Sachs Group News

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

The Goldman Sachs Group Stock Performance

NYSE GS opened at $863.92 on Friday. The stock has a market capitalization of $254.85 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.13 and a beta of 1.32. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60. The stock has a 50-day moving average of $874.90 and a 200 day moving average of $851.05.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.72% and a net margin of 13.73%.The Goldman Sachs Group’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $11.95 earnings per share. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 2nd were paid a $4.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a yield of 2.1%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is 35.09%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GS. Jefferies Financial Group raised their price objective on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a report on Friday, January 16th. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a research report on Friday, January 16th. UBS Group reaffirmed a “neutral” rating and issued a $990.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $929.52.

Check Out Our Latest Analysis on The Goldman Sachs Group

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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