Longbow Finance SA Grows Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Longbow Finance SA lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,473 shares of the investment management company’s stock after purchasing an additional 2,654 shares during the quarter. Longbow Finance SA’s holdings in The Goldman Sachs Group were worth $7,142,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $38,000. Finally, JDM Financial Group LLC purchased a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on GS. Barclays lifted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Morgan Stanley lifted their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Finally, Oppenheimer lowered their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $593.56.

Insider Transactions at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 over the last three months. 0.57% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $626.24 on Tuesday. The stock has a fifty day moving average price of $612.38 and a 200 day moving average price of $559.91. The stock has a market cap of $195.41 billion, a PE ratio of 15.44, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1 year low of $381.42 and a 1 year 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.48 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.92%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

About 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.