The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,743 shares of the investment management company’s stock after acquiring an additional 320 shares during the period. Erste Asset Management GmbH’s holdings in The Goldman Sachs Group were worth $3,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $542.31 on Friday. The Goldman Sachs Group, Inc. has a one year low of $383.41 and a one year high of $672.19. The business’s 50 day moving average price is $612.79 and its 200 day moving average price is $566.37. The company has a market cap of $169.22 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the company posted $5.48 EPS. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analysts Set New Price Targets

Several analysts have commented on the company. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Morgan Stanley decreased their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Oppenheimer decreased their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $594.27.

Insider Activity

In other news, Director Kevin R. Johnson acquired 2,400 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 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.