Point72 Europe London LLP Takes $458,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Point72 Europe London LLP bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, HoldingsChannel.com reports. The firm bought 800 shares of the investment management company’s stock, valued at approximately $458,000.

Several other hedge funds have also modified their holdings of the stock. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $30,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GS shares. UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an “equal weight” rating in a research note on Monday, April 7th. Wells Fargo & Company cut their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Royal Bank of Canada cut their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 15th. Finally, Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $615.69 on Friday. 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 firm has a market cap of $188.92 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 0.89 and a beta of 1.32. The business’s 50-day simple moving average is $539.36 and its 200-day simple moving average is $578.37. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $11.58 EPS. As a group, equities research analysts expect 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, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the stock in a transaction 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 acquisition, the director now directly owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

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.