Eurizon SLJ Capital Ltd Invests $701,000 in The Goldman Sachs Group, Inc. $GS

Eurizon SLJ Capital Ltd acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 797 shares of the investment management company’s stock, valued at approximately $701,000.

Several other large investors also recently modified their holdings of GS. Wellington Management Group LLP boosted its stake in The Goldman Sachs Group by 110.8% during the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after acquiring an additional 936,015 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in The Goldman Sachs Group by 428.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after acquiring an additional 450,984 shares in the last quarter. Vanguard Group Inc. boosted its stake in The Goldman Sachs Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after acquiring an additional 418,820 shares in the last quarter. Jennison Associates LLC boosted its stake in The Goldman Sachs Group by 40.8% during the fourth quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock worth $1,189,293,000 after acquiring an additional 392,319 shares in the last quarter. Finally, Danske Bank A S bought a new position in The Goldman Sachs Group during the third quarter worth $178,941,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.6%

GS opened at $1,024.02 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a fifty-two week low of $592.17 and a fifty-two week high of $1,027.22. The firm has a market capitalization of $302.09 billion, a PE ratio of 18.71, a P/E/G ratio of 1.30 and a beta of 1.28. The company’s 50-day moving average is $913.37 and its 200 day moving average is $892.11.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same quarter in the prior year, the business posted $14.12 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

Key Headlines Impacting The Goldman Sachs Group

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

Insider Buying and Selling at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 6,857 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value 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. This represents a 18.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the sale, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BNP Paribas Exane cut their target price on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Weiss Ratings lowered shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. UBS Group increased their target price on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research note on Wednesday, May 6th. Finally, Evercore cut their target price on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. Nine research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $943.95.

View Our Latest Report on GS

About The Goldman Sachs Group

(Free Report)

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.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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