OLD National Bancorp IN Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

OLD National Bancorp IN boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,824 shares of the investment management company’s stock after buying an additional 64 shares during the period. OLD National Bancorp IN’s holdings in The Goldman Sachs Group were worth $1,475,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI lifted its holdings in The Goldman Sachs Group by 20.9% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,522 shares of the investment management company’s stock worth $1,359,000 after buying an additional 608 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of The Goldman Sachs Group by 8.4% in the 4th quarter. Handelsbanken Fonder AB now owns 98,200 shares of the investment management company’s stock valued at $37,883,000 after purchasing an additional 7,598 shares in the last quarter. Capital Management Corp VA raised its holdings in shares of The Goldman Sachs Group by 4.7% in the 4th quarter. Capital Management Corp VA now owns 36,006 shares of the investment management company’s stock valued at $13,890,000 after purchasing an additional 1,620 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $362,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of The Goldman Sachs Group by 12.3% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,220 shares of the investment management company’s stock valued at $1,242,000 after purchasing an additional 352 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 3.3 %

Shares of GS opened at $417.44 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The firm’s 50-day moving average is $396.92 and its two-hundred day moving average is $367.80. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $419.20. The firm has a market capitalization of $135.47 billion, a P/E ratio of 16.30, a PEG ratio of 1.30 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period in the prior year, the business posted $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.64%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GS shares. UBS Group raised their price objective on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Oppenheimer increased their target price on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, Barclays raised their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $434.93.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

About The Goldman Sachs Group

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.