Royal London Asset Management Ltd. grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 223,048 shares of the investment management company's stock after buying an additional 2,193 shares during the period. Royal London Asset Management Ltd. owned 0.07% of The Goldman Sachs Group worth $127,722,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at $30,000. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.
Shares of GS opened at $557.62 on Thursday. The firm has a market cap of $174.00 billion, a P/E ratio of 13.75, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a twelve month low of $386.00 and a twelve month high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm's 50 day moving average price is $611.14 and its two-hundred day moving average price is $567.75.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.48 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.15%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.
In other news, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last 90 days. 0.54% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on GS. Barclays lifted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a "neutral" rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $594.27.
Get Our Latest Stock Report on The Goldman Sachs Group
The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.
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