Commerzbank Aktiengesellschaft FI Purchases 5,705 Shares of The Goldman Sachs Group, Inc. $GS

Commerzbank Aktiengesellschaft FI boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 10.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 60,817 shares of the investment management company’s stock after acquiring an additional 5,705 shares during the quarter. The Goldman Sachs Group accounts for about 1.0% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 26th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in The Goldman Sachs Group were worth $48,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Dogwood Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth approximately $28,000. Corundum Trust Company INC bought a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $29,000. Finally, Clearstead Trust LLC purchased a new position in shares of The Goldman Sachs Group during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. HSBC set a $604.00 price target on The Goldman Sachs Group in a research report on Wednesday, January 7th. Royal Bank Of Canada raised their price target on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research report on Tuesday. Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Finally, Morgan Stanley cut their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $898.00.

Get Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Down 3.6%

GS opened at $919.82 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company’s 50-day moving average price is $882.31 and its two-hundred day moving average price is $801.14. The stock has a market cap of $275.88 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.11 and a beta of 1.33. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the prior year, the business earned $11.95 earnings per share. The Goldman Sachs Group’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is currently 35.09%.

Trending Headlines about The Goldman Sachs Group

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Insiders Place Their Bets

In related news, Director David A. Viniar sold 19,796 shares of the business’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $964.27, for a total value of $19,088,688.92. Following the sale, the director directly owned 103,390 shares in the company, valued at approximately $99,695,875.30. The trade was a 16.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 68,186 shares of company stock valued at $65,820,670. Company insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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