Triglav Skladi D.O.O. Purchases New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Triglav Skladi D.O.O. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 46,451 shares of the investment management company’s stock, valued at approximately $26,600,000. The Goldman Sachs Group accounts for about 2.1% of Triglav Skladi D.O.O.’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG increased its holdings in shares of The Goldman Sachs Group by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company’s stock valued at $594,412,000 after purchasing an additional 138,198 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock valued at $129,144,000 after purchasing an additional 5,541 shares during the last quarter. Baxter Bros Inc. increased its holdings in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company’s stock valued at $8,879,000 after purchasing an additional 151 shares during the last quarter. Erste Asset Management GmbH increased its holdings in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock valued at $3,309,000 after purchasing an additional 320 shares during the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth $356,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GS shares. JPMorgan Chase & Co. cut their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Wells Fargo & Company cut their target price 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. Citigroup cut their target price 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. Finally, Royal Bank of Canada cut their target price 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. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $593.40.

The Goldman Sachs Group Trading Up 0.5%

NYSE:GS opened at $618.91 on Monday. The firm has a market cap of $189.91 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The stock has a fifty day moving average price of $541.11 and a 200 day moving average price of $579.83. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. 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 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 during 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 period last year, the business posted $11.58 earnings per share. Sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.94%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is currently owned by company 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.