Adams Diversified Equity Fund Inc. Invests $20.16 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Adams Diversified Equity Fund Inc. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 35,200 shares of the investment management company’s stock, valued at approximately $20,156,000.

A number of other hedge funds have also made changes to their positions in GS. Raymond James Financial Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $624,844,000. Proficio Capital Partners LLC increased its position in shares of The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after purchasing an additional 1,052,204 shares in the last quarter. FMR LLC increased its position in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. Ieq Capital LLC increased its position in shares of The Goldman Sachs Group by 1,400.8% during the 4th quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock worth $239,982,000 after purchasing an additional 391,170 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of The Goldman Sachs Group by 154.7% during the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after purchasing an additional 251,972 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.9 %

The Goldman Sachs Group stock opened at $562.49 on Friday. The company’s 50 day simple moving average is $610.80 and its 200 day simple moving average is $567.71. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19. The firm has a market capitalization of $175.52 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.89 and a beta of 1.37. 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 (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the firm earned $5.48 EPS. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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 paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GS. Barclays increased their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley lowered their price objective on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $594.27.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 in the last 90 days. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group 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.