5,797 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Norden Group LLC

Norden Group LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the first quarter, HoldingsChannel.com reports. The firm purchased 5,797 shares of the investment management company’s stock, valued at approximately $2,423,000.

Several other institutional investors have also added to or reduced their stakes in GS. International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group during the 1st quarter valued at approximately $1,903,374,000. Norges Bank acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $1,120,119,000. Wellington Management Group LLP raised its stake in The Goldman Sachs Group by 27.0% in the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after acquiring an additional 464,954 shares during the last quarter. Morgan Stanley lifted its position in The Goldman Sachs Group by 7.8% during the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after acquiring an additional 412,383 shares during the period. Finally, Capital World Investors grew its stake in The Goldman Sachs Group by 6.0% during the 4th quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock valued at $2,319,470,000 after purchasing an additional 338,181 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GS shares. JMP Securities lifted their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Oppenheimer boosted their target price on shares of 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. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $445.62.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $467.92 on Friday. The firm has a market cap of $150.89 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.95 and a beta of 1.37. The stock has a 50 day moving average of $452.52 and a two-hundred day moving average of $412.68. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $471.48. 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 (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating 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 the consensus estimate of $12.94 billion. During the same period in the prior year, the company earned $8.79 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. On average, analysts expect that The Goldman Sachs Group, Inc. will post 36.47 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a dividend of $2.75 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.35%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction 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 SEC, which is available through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

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.