696 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 696 shares of the investment management company’s stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Congress Wealth Management LLC DE lifted its holdings in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after acquiring an additional 650,918 shares during the last quarter. Morgan Stanley boosted its holdings in shares of The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after purchasing an additional 412,383 shares in the last quarter. Wellington Management Group LLP increased its position in shares of The Goldman Sachs Group by 17.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock valued at $556,295,000 after purchasing an additional 255,690 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at about $64,070,000. Finally, Raymond James & Associates lifted its position in The Goldman Sachs Group by 41.9% in the 4th quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock worth $236,101,000 after buying an additional 180,674 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GS shares. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. UBS Group boosted their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Edward Jones assumed coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $437.04.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the 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 owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,330 shares of company stock worth $11,713,578. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

GS opened at $443.56 on Tuesday. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $444.38. The company has a market cap of $143.95 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. 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 stock has a fifty day simple moving average of $405.66 and a two-hundred day simple moving average of $376.21.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the firm posted $8.79 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

The Goldman Sachs Group Company Profile

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.