490 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by Argentarii LLC

Argentarii LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 490 shares of the investment management company’s stock, valued at approximately $281,000.

Several other large investors also recently added to or reduced their stakes in the company. Swedbank AB grew its holdings in The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after buying an additional 13,730 shares in the last quarter. Van ECK Associates Corp grew its holdings in The Goldman Sachs Group by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 6,157 shares of the investment management company’s stock valued at $3,184,000 after buying an additional 71 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group during the 3rd quarter valued at about $38,000. Leavell Investment Management Inc. grew its holdings in The Goldman Sachs Group by 57.2% during the 3rd quarter. Leavell Investment Management Inc. now owns 2,149 shares of the investment management company’s stock valued at $1,064,000 after buying an additional 782 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in The Goldman Sachs Group by 1.4% during the 3rd quarter. Lindbrook Capital LLC now owns 1,682 shares of the investment management company’s stock valued at $833,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $559.55 on Monday. The business has a 50 day moving average of $616.96 and a 200 day moving average of $566.25. The company has a market capitalization of $174.60 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.14%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group lifted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Citigroup lifted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Barclays lifted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group Company 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.