PGGM Investments Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

PGGM Investments lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,217 shares of the investment management company’s stock after acquiring an additional 1,575 shares during the quarter. PGGM Investments’ holdings in The Goldman Sachs Group were worth $20,166,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Mizuho Securities USA LLC increased its holdings in The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after buying an additional 7,475,140 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of The Goldman Sachs Group by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after acquiring an additional 112,696 shares in the last quarter. FMR LLC increased its holdings in shares of The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after acquiring an additional 521,054 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of The Goldman Sachs Group by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock valued at $1,109,081,000 after acquiring an additional 22,794 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in The Goldman Sachs Group by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after purchasing an additional 18,541 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group 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 transaction, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin R. Johnson acquired 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

GS stock opened at $535.61 on Thursday. The company has a 50-day simple moving average of $614.56 and a 200 day simple moving average of $566.43. The company has a market capitalization of $167.13 billion, a P/E ratio of 13.21, a PEG ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $383.41 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. 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 earned $5.48 EPS. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given 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 yield of 2.24%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Analysts Set New Price Targets

Several research firms have weighed in on GS. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group Company Profile

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.