Rafferty Asset Management LLC Acquires 4,957 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Rafferty Asset Management LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 115,577 shares of the investment management company’s stock after buying an additional 4,957 shares during the quarter. Rafferty Asset Management LLC’s holdings in The Goldman Sachs Group were worth $44,586,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First United Bank & Trust bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $26,000. Truvestments Capital LLC increased its position in The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after buying an additional 44 shares during the last quarter. BKM Wealth Management LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth approximately $32,000. Signature Resources Capital Management LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth approximately $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in The Goldman Sachs Group during the fourth quarter worth approximately $42,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

NYSE GS traded up $0.19 on Tuesday, hitting $455.17. 1,834,947 shares of the company’s stock were exchanged, compared to its average volume of 2,335,118. The stock has a 50-day moving average of $432.06 and a 200-day moving average of $396.44. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $471.48. The stock has a market cap of $146.77 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 0.92 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the company earned $8.79 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 36.57 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Activity

In related news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on GS. Bank of America boosted their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Citigroup upped their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Edward Jones began coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. BMO Capital Markets upped their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Finally, Oppenheimer upped their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $440.57.

View Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Company Profile

(Free Report)

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.

Read More

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)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.