The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,068 shares of the investment management company’s stock after acquiring an additional 2,298 shares during the quarter. Investment Management Corp of Ontario’s holdings in The Goldman Sachs Group were worth $7,483,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GS. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group during the fourth quarter worth about $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $30,000. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 0.2 %

Shares of NYSE:GS opened at $567.11 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The stock has a 50-day simple moving average of $535.92 and a 200-day simple moving average of $576.39. 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 $174.01 billion, a P/E ratio of 13.99, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter last year, the firm posted $11.58 EPS. Equities 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 will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

Analysts Set New Price Targets

A number of brokerages have commented on GS. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Barclays reduced their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Activity

In other news, Director John B. Hess purchased 3,904 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.55% of the company’s stock.

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.