BI Asset Management Fondsmaeglerselskab A S Buys 3,213 Shares of The Goldman Sachs Group, Inc. $GS

BI Asset Management Fondsmaeglerselskab A S boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 16.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,220 shares of the investment management company’s stock after purchasing an additional 3,213 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in The Goldman Sachs Group were worth $18,491,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Hartline Investment Corp grew its stake in The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock worth $1,132,000 after purchasing an additional 860 shares during the period. A4 Wealth Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $940,000. Meridian Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 39.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after acquiring an additional 659 shares in the last quarter. National Pension Service increased its stake in shares of The Goldman Sachs Group by 3.1% in the 3rd quarter. National Pension Service now owns 665,794 shares of the investment management company’s stock valued at $530,205,000 after acquiring an additional 19,796 shares in the last quarter. Finally, Chung Wu Investment Group LLC lifted its position in shares of The Goldman Sachs Group by 114.4% during the 3rd quarter. Chung Wu Investment Group LLC now owns 2,080 shares of the investment management company’s stock valued at $1,656,000 after acquiring an additional 1,110 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $750.00 to $775.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. BNP Paribas Exane increased their price target on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. UBS Group reissued a “neutral” rating and issued a $990.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $907.43.

Get Our Latest Analysis on GS

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $965.33, for a total value of $43,439,850.00. Following the completion of the sale, the director owned 555,000 shares in the company, valued at approximately $535,758,150. This trade represents a 7.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David M. Solomon sold 272 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, January 29th. The stock was 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 approximately $117,859,810.84. This represents a 0.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 87,513 shares of company stock valued at $83,718,401 in the last quarter. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Down 2.6%

GS stock opened at $889.22 on Friday. The firm has a market capitalization of $266.70 billion, a PE ratio of 17.34, a P/E/G ratio of 1.12 and a beta of 1.34. 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, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The stock’s 50 day moving average is $907.20 and its 200-day moving average is $814.39.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results 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 business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The Goldman Sachs Group’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.95 EPS. Sell-side analysts expect 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 declared 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 an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is 35.09%.

The Goldman Sachs Group News Summary

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

The Goldman Sachs Group 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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