International Assets Investment Management LLC Purchases New Holdings in The Goldman Sachs Group, Inc. $GS

International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the 3rd quarter, HoldingsChannel reports. The firm acquired 3,909 shares of the investment management company’s stock, valued at approximately $3,113,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth approximately $2,138,031,000. Ninety One UK Ltd purchased a new position in The Goldman Sachs Group in the 2nd quarter valued at $408,780,000. AGF Management Ltd. increased its stake in The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after buying an additional 466,187 shares during the period. Laurel Wealth Advisors LLC raised its position in The Goldman Sachs Group by 100,678.6% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock worth $286,017,000 after buying an additional 403,721 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of The Goldman Sachs Group by 18.2% in 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 during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 3.6%

Shares of The Goldman Sachs Group stock opened at $919.82 on Friday. The company has a 50-day moving average of $882.31 and a two-hundred day moving average of $801.14. 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 current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The stock has a market cap of $275.88 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 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 business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the previous year, the company earned $11.95 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, research 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 2.0%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 35.09%.

Key Headlines Impacting The Goldman Sachs Group

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

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director David A. Viniar sold 45,000 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following the completion of the transaction, the director owned 555,000 shares in the company, valued at $535,758,150. This trade represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 68,186 shares of company stock valued at $65,820,670 in the last three months. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. Daiwa Capital Markets boosted their price target on shares of The Goldman Sachs Group from $823.00 to $927.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. UBS Group raised their price objective 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. Bank of America boosted their target price on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. BNP Paribas Exane increased their target price on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Finally, Rothschild & Co Redburn raised their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $898.00.

Get Our Latest Report on The Goldman Sachs Group

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

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

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