The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,320 shares of the investment management company’s stock after buying an additional 163 shares during the quarter. Van ECK Associates Corp’s holdings in The Goldman Sachs Group were worth $3,619,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GS. Swedbank AB grew its stake in The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after acquiring an additional 13,730 shares during the period. Ledyard National Bank purchased a new stake in The Goldman Sachs Group in the third quarter valued at approximately $233,000. Foundations Investment Advisors LLC raised its position in shares of The Goldman Sachs Group by 2.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,804 shares of the investment management company’s stock worth $893,000 after buying an additional 38 shares during the period. Eastern Bank increased its position in The Goldman Sachs Group by 14.9% during the 3rd quarter. Eastern Bank now owns 1,464 shares of the investment management company’s stock worth $725,000 after purchasing an additional 190 shares in the last quarter. Finally, Saxony Capital Management LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth $236,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction 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 transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.57% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $668.02 on Thursday. The Goldman Sachs Group, Inc. has a 52 week low of $380.85 and a 52 week 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 business’s 50-day simple moving average is $609.75 and its 200-day simple moving average is $555.95. The firm has a market cap of $207.39 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 0.92 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate 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 return on equity of 13.30% and a net margin of 11.32%. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the business posted $5.48 EPS. As a group, equities research analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GS shares. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Citigroup lifted 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. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley lifted their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $593.56.

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.