Morgens Waterfall Vintiadis & Co. Inc. purchased a new stake in Goldman Sachs Group Inc (NYSE:GS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the investment management company’s stock, valued at approximately $510,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jennison Associates LLC lifted its holdings in Goldman Sachs Group by 15.1% during the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after buying an additional 727,698 shares during the period. Standard Life Aberdeen plc lifted its holdings in Goldman Sachs Group by 187.6% during the fourth quarter. Standard Life Aberdeen plc now owns 737,276 shares of the investment management company’s stock worth $187,995,000 after buying an additional 480,931 shares during the period. Bank of New York Mellon Corp lifted its holdings in Goldman Sachs Group by 10.9% during the third quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock worth $858,366,000 after buying an additional 356,956 shares during the period. Boston Partners lifted its holdings in Goldman Sachs Group by 13.3% during the third quarter. Boston Partners now owns 2,790,289 shares of the investment management company’s stock worth $661,829,000 after buying an additional 328,611 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Goldman Sachs Group by 102.5% during the fourth quarter. Mackenzie Financial Corp now owns 643,773 shares of the investment management company’s stock worth $164,008,000 after buying an additional 325,782 shares during the period. Hedge funds and other institutional investors own 73.28% of the company’s stock.
A number of analysts have weighed in on GS shares. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Wells Fargo & Co restated an “outperform” rating and set a $320.00 target price on shares of Goldman Sachs Group in a report on Thursday, January 25th. Bank of America upped their price target on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Barclays upped their price target on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a research report on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $257.06.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.66% and a net margin of 13.36%. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the prior year, the firm earned $5.08 EPS. The firm’s revenue was down 4.2% on a year-over-year basis. research analysts predict that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 34.84%.
In other Goldman Sachs Group news, insider Brian J. Lee sold 6,738 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $263.92, for a total transaction of $1,778,292.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David M. Solomon sold 21,252 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $271.65, for a total value of $5,773,105.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,548 shares of company stock worth $22,064,172. 2.57% of the stock is owned by insiders.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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