Y Intercept Hong Kong Ltd Has $1.70 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Y Intercept Hong Kong Ltd grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 130.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,964 shares of the investment management company’s stock after acquiring an additional 1,679 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in The Goldman Sachs Group were worth $1,697,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $38,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on GS shares. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $593.56.

Insider Transactions at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 over the last ninety days. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $614.86 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19. The stock’s 50 day moving average is $613.18 and its 200-day moving average is $560.79. The firm has a market capitalization of $191.86 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

The Goldman Sachs Group 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.