Fidelis Capital Partners LLC Purchases 1,034 Shares of The Goldman Sachs Group, Inc. $GS

Fidelis Capital Partners LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 14.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,348 shares of the investment management company’s stock after purchasing an additional 1,034 shares during the quarter. Fidelis Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $6,648,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GS. Norges Bank acquired a new position in The Goldman Sachs Group in the second quarter valued at about $2,138,031,000. Ninety One UK Ltd bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $408,780,000. AGF Management Ltd. grew its position in shares of The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after purchasing an additional 466,187 shares during the period. Laurel Wealth Advisors LLC increased its stake in The Goldman Sachs Group by 100,678.6% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock worth $286,017,000 after purchasing an additional 403,721 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in The Goldman Sachs Group by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after buying an additional 291,280 shares during the period. Institutional investors own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Activity

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the transaction, the director owned 555,000 shares of the company’s stock, valued at $535,758,150. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 4,863 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $923.75, for a total value of $4,492,196.25. Following the completion of the sale, the chief accounting officer owned 10,301 shares in the company, valued at $9,515,548.75. This represents a 32.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 84,395 shares of company stock valued at $80,824,289 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GS has been the subject of several research analyst reports. Dbs Bank upped their price target on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Daiwa Capital Markets lifted their price target on The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Evercore ISI restated an “outperform” rating on shares of The Goldman Sachs Group in a report on Friday, January 16th. Finally, Citigroup increased their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $898.00.

Get Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $936.69 on Thursday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The stock has a 50 day moving average price of $891.48 and a 200 day moving average price of $805.95. The stock has a market capitalization of $280.94 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $11.95 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a $4.50 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s payout ratio is 31.20%.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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