The Goldman Sachs Group, Inc. (NYSE:GS) Position Lifted by Swedbank AB

Swedbank AB lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 368,324 shares of the investment management company’s stock after purchasing an additional 29,277 shares during the period. Swedbank AB owned about 0.12% of The Goldman Sachs Group worth $210,910,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Genesee Capital Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after acquiring an additional 17 shares during the period. Waddell & Associates LLC raised its stake in shares of The Goldman Sachs Group by 2.1% in the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after buying an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC boosted its stake in The Goldman Sachs Group by 0.7% during the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after buying an additional 18 shares in the last quarter. Bank of New Hampshire grew its holdings in The Goldman Sachs Group by 8.0% during the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after acquiring an additional 18 shares during the period. Finally, Marino Stram & Associates LLC raised its position in The Goldman Sachs Group by 4.2% in the fourth quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company’s stock worth $257,000 after acquiring an additional 18 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.1 %

Shares of The Goldman Sachs Group stock traded up $6.79 during trading on Wednesday, hitting $644.59. 257,340 shares of the company were exchanged, compared to its average volume of 2,647,018. The firm has a market capitalization of $202.34 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The firm’s fifty day moving average price is $593.22 and its 200 day moving average price is $538.70. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $645.91.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the firm earned $5.48 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.86%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

A number of analysts recently commented on GS shares. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Citigroup upped their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, 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. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $591.06.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the sale, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction dated 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. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,657 shares of company stock worth $21,973,272. 0.54% of the stock is currently owned by company 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.