AIA Group Ltd Has $4.50 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

AIA Group Ltd raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,863 shares of the investment management company’s stock after purchasing an additional 175 shares during the period. AIA Group Ltd’s holdings in The Goldman Sachs Group were worth $4,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GS. Hazlett Burt & Watson Inc. lifted its holdings in shares of The Goldman Sachs Group by 19.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 925 shares of the investment management company’s stock worth $528,000 after acquiring an additional 150 shares during the period. Wellington Management Group LLP increased its position in The Goldman Sachs Group by 62.2% in the 4th quarter. Wellington Management Group LLP now owns 231,437 shares of the investment management company’s stock valued at $132,525,000 after acquiring an additional 88,749 shares in the last quarter. Everstar Asset Management LLC boosted its holdings in The Goldman Sachs Group by 15.3% in the fourth quarter. Everstar Asset Management LLC now owns 684 shares of the investment management company’s stock valued at $392,000 after acquiring an additional 91 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in The Goldman Sachs Group by 4.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 87,786 shares of the investment management company’s stock worth $50,268,000 after acquiring an additional 3,910 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $98,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on GS. Oppenheimer cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Citigroup decreased their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. UBS Group increased their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley lowered their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $590.60.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $543.04 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The company has a market cap of $169.45 billion, a PE ratio of 13.39, a P/E/G ratio of 0.89 and a beta of 1.37. The business has a 50 day moving average of $608.15 and a 200 day moving average of $572.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate 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 business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the firm posted $5.48 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Activity

In related news, insider Alex S. Golten sold 5,208 shares of the 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 completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % 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 valued at $12,630,683 in the last ninety days. 0.55% 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.