The Goldman Sachs Group, Inc. $GS Shares Bought by Profund Advisors LLC

Profund Advisors LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,053 shares of the investment management company’s stock after buying an additional 565 shares during the period. Profund Advisors LLC’s holdings in The Goldman Sachs Group were worth $6,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares during the period. Sivia Capital Partners LLC raised its stake in shares of The Goldman Sachs Group by 90.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after buying an additional 735 shares in the last quarter. Richardson Financial Services Inc. raised its stake in shares of The Goldman Sachs Group by 17.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 139 shares of the investment management company’s stock worth $98,000 after buying an additional 21 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of The Goldman Sachs Group by 6.3% in the second quarter. Johnson Investment Counsel Inc. now owns 4,386 shares of the investment management company’s stock valued at $3,104,000 after buying an additional 261 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $929.47 on Monday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. 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 stock has a market cap of $278.77 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The business has a fifty day simple moving average of $909.26 and a 200-day simple moving average of $817.45.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the prior year, the business earned $11.95 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is presently 35.09%.

Insider Transactions at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 272 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total transaction of $255,386.24. Following the transaction, the chief executive officer directly owned 125,527 shares in the company, valued at $117,859,810.84. The trade was a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the sale, the treasurer owned 2,017 shares of the company’s stock, valued at approximately $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 87,513 shares of company stock worth $83,718,401. 0.55% of the stock is owned by company insiders.

Trending Headlines about The Goldman Sachs Group

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Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Dbs Bank raised their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. BMO Capital Markets boosted their target price on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a report on Tuesday, January 20th. HSBC increased their target price on shares of The Goldman Sachs Group from $742.00 to $802.00 in a research note on Friday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $916.86.

Read Our Latest Research Report on GS

The Goldman Sachs Group Company Profile

(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.

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

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