Rakuten Securities Inc. Buys Shares of 232 The Goldman Sachs Group, Inc. (NYSE:GS)

Rakuten Securities Inc. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 232 shares of the investment management company’s stock, valued at approximately $89,000.

Several other institutional investors have also recently made changes to their positions in the business. TRUE Private Wealth Advisors increased its holdings in The Goldman Sachs Group by 9.0% in the 4th quarter. TRUE Private Wealth Advisors now owns 11,940 shares of the investment management company’s stock worth $4,606,000 after acquiring an additional 987 shares in the last quarter. Scissortail Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $232,000. Tyche Wealth Partners LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $1,361,000. Diversified Portfolios Inc. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $215,000. Finally, Macroview Investment Management LLC raised its position in The Goldman Sachs Group by 2,000.0% in the 4th quarter. Macroview Investment Management LLC now owns 315 shares of the investment management company’s stock worth $122,000 after purchasing an additional 300 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $403.91 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The firm has a market cap of $131.08 billion, a PE ratio of 15.77, a PEG ratio of 1.54 and a beta of 1.43. The company’s 50 day moving average price is $395.67 and its two-hundred day moving average price is $365.35. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $419.20.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $8.79 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent research reports. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. UBS Group lifted their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, Evercore ISI lifted their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $434.93.

Insider Transactions at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,277 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the transaction, the insider now owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Kathryn H. Ruemmler sold 7,277 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total value of $2,763,877.37. Following the completion of the transaction, the insider now directly owns 6,501 shares in the company, valued at approximately $2,469,144.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold 35,907 shares of company stock valued at $13,950,851 in the last quarter. Insiders own 0.54% of the company’s stock.

About The Goldman Sachs Group

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.