UniSuper Management Pty Ltd Increases Position in The Goldman Sachs Group, Inc. $GS

UniSuper Management Pty Ltd grew its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 4.3% during the third quarter, Holdings Channel.com reports. The firm owned 69,263 shares of the investment management company’s stock after acquiring an additional 2,836 shares during the period. UniSuper Management Pty Ltd’s holdings in The Goldman Sachs Group were worth $55,158,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its stake in The Goldman Sachs Group by 3.6% in the second quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock valued at $4,628,507,000 after buying an additional 227,604 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of The Goldman Sachs Group by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock valued at $2,392,124,000 after acquiring an additional 157,473 shares during the last quarter. Norges Bank purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $2,138,031,000. Ameriprise Financial Inc. raised its position in shares of The Goldman Sachs Group by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after acquiring an additional 291,280 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in The Goldman Sachs Group by 2.8% during the second quarter. Franklin Resources Inc. now owns 1,815,660 shares of the investment management company’s stock worth $1,285,032,000 after purchasing an additional 48,835 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 3.6%

Shares of NYSE:GS opened at $919.82 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The stock has a market cap of $275.88 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.15 and a beta of 1.33. The firm has a fifty day moving average price of $882.31 and a 200 day moving average price of $800.42.

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 analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period in the previous year, the business posted $11.95 earnings per share. The Goldman Sachs Group’s quarterly revenue was down 3.0% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 19,796 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $964.27, for a total transaction of $19,088,688.92. Following the completion of the sale, the director directly owned 103,390 shares of the company’s stock, valued at approximately $99,695,875.30. This trade represents a 16.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 68,186 shares of company stock worth $65,820,670. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GS has been the topic of several recent analyst reports. Rothschild & Co Redburn increased their price target on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Evercore ISI restated an “outperform” rating on shares of The Goldman Sachs Group in a report on Friday, January 16th. UBS Group increased their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Autonomous Res dropped their target price on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. One investment 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $898.00.

Read Our Latest Analysis on The Goldman Sachs Group

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.

Further Reading

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

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