Meiji Yasuda America Inc Buys Shares of 11,118 The Goldman Sachs Group, Inc. $GS

Meiji Yasuda America Inc bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the fourth quarter, Holdings Channel reports. The fund bought 11,118 shares of the investment management company’s stock, valued at approximately $9,773,000. The Goldman Sachs Group accounts for 2.2% of Meiji Yasuda America Inc’s investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the business. Dagco Inc. purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $25,000. Manning & Napier Advisors LLC grew its position in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after buying an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Entrust Financial LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $34,000. Finally, Joseph Group Capital Management purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 3.5%

NYSE:GS opened at $1,036.12 on Friday. The company has a market cap of $305.67 billion, a PE ratio of 18.93, a P/E/G ratio of 1.30 and a beta of 1.30. The Goldman Sachs Group, Inc. has a twelve month low of $609.59 and a twelve month high of $1,098.36. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The company’s 50 day moving average is $953.27 and its two-hundred day moving average is $908.78.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $14.12 EPS. Analysts anticipate that The Goldman Sachs Group, Inc. will post 59.08 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is currently 32.89%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the sale, the insider owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares in the company, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,681 shares of company stock worth $31,737,875 in the last quarter. 0.55% of the stock is currently owned by company insiders.

More The Goldman Sachs Group News

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

Analyst Ratings Changes

GS has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Finally, Morgan Stanley cut their price objective on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $943.95.

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

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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