Investment Management Corp of Ontario Purchases 610 Shares of The Goldman Sachs Group, Inc. $GS

Investment Management Corp of Ontario boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,475 shares of the investment management company’s stock after buying an additional 610 shares during the period. Investment Management Corp of Ontario’s holdings in The Goldman Sachs Group were worth $29,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in GS. Gotham Asset Management LLC increased its holdings in The Goldman Sachs Group by 1.8% in the 4th quarter. Gotham Asset Management LLC now owns 9,564 shares of the investment management company’s stock valued at $8,407,000 after buying an additional 173 shares during the period. Evolve Private Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $2,185,000. First Manhattan CO. LLC. lifted its holdings in shares of The Goldman Sachs Group by 11.4% during the 4th quarter. First Manhattan CO. LLC. now owns 2,628 shares of the investment management company’s stock worth $2,310,000 after acquiring an additional 269 shares during the period. Asset One Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $3,864,000. Finally, Aureus Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 28.6% during the 4th quarter. Aureus Asset Management LLC now owns 450 shares of the investment management company’s stock worth $396,000 after acquiring an additional 100 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. HSBC upped their price target on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Wells Fargo & Company lowered their price target on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Morgan Stanley set a $900.00 price target on The Goldman Sachs Group in a report on Friday, June 12th. Rothschild & Co Redburn boosted their price target on The Goldman Sachs Group from $839.00 to $870.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, BMO Capital Markets boosted their price target on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $941.82.

Insider Transactions at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the sale, the insider owned 2,578 shares in the company, valued at $2,413,472.04. This represents a 30.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $1,099.16 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The Goldman Sachs Group, Inc. has a 52 week low of $623.65 and a 52 week high of $1,121.94. The stock has a market capitalization of $324.26 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.30. The stock has a fifty day moving average of $970.74 and a 200-day moving average of $916.56.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter in the previous year, the firm earned $14.12 EPS. The Goldman Sachs Group’s revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 59.48 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.6%. The Goldman Sachs Group’s payout ratio is currently 32.89%.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs crossed $1 trillion in year-to-date M&A advisory volume, signaling unusually strong deal activity and supporting expectations for higher investment banking fees. Goldman Sachs shatters dealmaking records with $1 trillion in first-half M&A volume
• Positive Sentiment: Goldman was named lead underwriter for the high-profile SpaceX IPO, which could bring in additional underwriting and capital markets revenue while highlighting its franchise strength. Goldman Sachs (GS) Lands SpaceX IPO Lead As New Listings Come Back Into Focus
• Positive Sentiment: Additional coverage noted that the $1 trillion M&A mark and improved dealmaking trends could help Goldman’s advisory fee growth and support investor optimism around a broader capital markets rebound. GS Crosses $1T in M&A Deals: Catalyst for Advisory Fee Growth?
• Neutral Sentiment: Goldman Sachs also appeared in several unrelated political and market-news items, including congressional bill coverage and broader energy-market commentary, but those items are not direct drivers of GS shares.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.