Tikehau Investment Management Increases Holdings in Goldman Sachs Group Inc (GS)

Tikehau Investment Management grew its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 5,251.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,758 shares of the investment management company’s stock after purchasing an additional 57,660 shares during the quarter. Goldman Sachs Group makes up about 5.6% of Tikehau Investment Management’s portfolio, making the stock its 9th biggest holding. Tikehau Investment Management’s holdings in Goldman Sachs Group were worth $9,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Royal London Asset Management Ltd. raised its holdings in Goldman Sachs Group by 29.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 199,139 shares of the investment management company’s stock valued at $32,466,000 after buying an additional 45,206 shares during the period. Morgan Stanley grew its position in shares of Goldman Sachs Group by 1.7% during the third quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock worth $730,458,000 after buying an additional 52,899 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in Goldman Sachs Group by 9.7% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 59 shares in the last quarter. Virtu Financial LLC boosted its holdings in Goldman Sachs Group by 72.0% in the third quarter. Virtu Financial LLC now owns 12,537 shares of the investment management company’s stock valued at $1,317,725,000 after purchasing an additional 5,248 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in Goldman Sachs Group by 18.8% in the third quarter. Sowell Financial Services LLC now owns 1,855 shares of the investment management company’s stock valued at $416,000 after purchasing an additional 294 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors.

Goldman Sachs Group stock opened at $188.96 on Monday. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $262.50. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $69.59 billion, a PE ratio of 7.48, a P/E/G ratio of 1.19 and a beta of 1.23.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The business had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. During the same quarter in the prior year, the business earned $5.68 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Goldman Sachs Group Inc will post 23.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 28th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, February 27th. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.

A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine downgraded Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Finally, Morgan Stanley decreased their price objective on Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $255.54.

In other news, EVP Dane E. Holmes sold 1,489 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory K. Palm sold 16,451 shares of the firm’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total value of $2,606,002.91. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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