Chiron Investment Management LLC Buys New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Chiron Investment Management LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, HoldingsChannel.com reports. The firm bought 6,992 shares of the investment management company’s stock, valued at approximately $4,004,000.

A number of other hedge funds also recently bought and sold shares of GS. Geode Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company’s stock worth $3,761,576,000 after purchasing an additional 161,500 shares during the last quarter. Fisher Asset Management LLC increased its position in 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 buying an additional 112,696 shares during the period. FMR LLC lifted its holdings in shares of The Goldman Sachs Group by 23.7% during the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock worth $2,053,614,000 after buying an additional 687,711 shares during the last quarter. Invesco Ltd. boosted its position in shares of The Goldman Sachs Group by 8.3% in the fourth quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company’s stock valued at $1,723,920,000 after acquiring an additional 229,673 shares during the period. Finally, Norges Bank acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $1,603,315,000. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions 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 dated 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 completion of the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last 90 days. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 1.0 %

Shares of NYSE GS opened at $494.61 on Monday. 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 company has a market cap of $154.34 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 12-month low of $395.18 and a 12-month high of $672.19. The firm’s 50-day simple moving average is $576.46 and its 200 day simple moving average is $572.92.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. On average, 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $3.00 dividend. The ex-dividend date was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.43%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Analysts Set New Price Targets

GS has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $586.00.

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.