The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 468.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,634 shares of the investment management company’s stock after buying an additional 128,276 shares during the period. Great Lakes Advisors LLC’s holdings in The Goldman Sachs Group were worth $89,119,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mizuho Securities USA LLC increased its position in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares during the last quarter. Fisher Asset Management LLC increased its position in The Goldman Sachs Group by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after purchasing an additional 112,696 shares during the last quarter. FMR LLC increased its position in The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in The Goldman Sachs Group by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock worth $1,109,081,000 after purchasing an additional 22,794 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in The Goldman Sachs Group by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after purchasing an additional 18,541 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.0 %

GS stock opened at $531.59 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $383.41 and a 52 week high of $672.19. The company has a market capitalization of $165.88 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The firm’s 50-day moving average is $615.30 and its two-hundred day moving average is $566.64. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm earned $5.48 EPS. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.26%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

GS has been the subject of several research analyst reports. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group increased their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Oppenheimer dropped their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $591.69.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. The trade was a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.