The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,126,762 shares of the investment management company’s stock after purchasing an additional 20,322 shares during the period. Dimensional Fund Advisors LP’s holdings in The Goldman Sachs Group were worth $1,217,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Norges Bank acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $1,603,315,000. Raymond James Financial Inc. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $624,844,000. Proficio Capital Partners LLC lifted its stake in shares of The Goldman Sachs Group by 14,007.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after acquiring an additional 1,052,204 shares during the period. FMR LLC lifted its position in The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock worth $2,053,614,000 after purchasing an additional 687,711 shares during the period. Finally, Ieq Capital LLC boosted its stake in The Goldman Sachs Group by 1,400.8% during the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock valued at $239,982,000 after buying an additional 391,170 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $509.83 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $403.01 and a 52 week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $159.09 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.89 and a beta of 1.33. The firm has a fifty day moving average of $561.96 and a two-hundred day moving average of $572.24.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the prior year, the business earned $11.58 EPS. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were 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 of the company’s stock, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,925 shares of company stock worth $12,630,683. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Daiwa Capital Markets downgraded The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research note on Monday, April 7th. JMP Securities dropped their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research note on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $593.40.

The Goldman Sachs Group 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.