The Goldman Sachs Group, Inc. $GS Shares Acquired by Horizon Investments LLC

Horizon Investments LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 79.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,304 shares of the investment management company’s stock after acquiring an additional 6,762 shares during the period. Horizon Investments LLC’s holdings in The Goldman Sachs Group were worth $13,452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after acquiring an additional 936,015 shares during the last quarter. Vanguard Group Inc. boosted its position in The Goldman Sachs Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock valued at $25,503,685,000 after buying an additional 418,820 shares during the last quarter. Jennison Associates LLC grew its holdings in The Goldman Sachs Group by 40.8% during the 4th quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock worth $1,189,293,000 after acquiring an additional 392,319 shares in the last quarter. Danske Bank A S bought a new position in The Goldman Sachs Group in the 3rd quarter valued at about $178,941,000. Finally, Evergreen Capital Management LLC boosted its stake in The Goldman Sachs Group by 11,400.3% during the third quarter. Evergreen Capital Management LLC now owns 212,180 shares of the investment management company’s stock valued at $168,970,000 after buying an additional 210,335 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

GS opened at $923.32 on Friday. The company has a fifty day moving average price of $869.26 and a two-hundred day moving average price of $866.35. The firm has a market capitalization of $272.37 billion, a PE ratio of 16.87, a P/E/G ratio of 1.19 and a beta of 1.28. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.66 and a current ratio of 1.10. The Goldman Sachs Group, Inc. has a 52 week low of $547.06 and a 52 week high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The firm had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $14.12 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Insider Transactions at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the completion of the sale, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. This trade represents a 28.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John F.W. Rogers sold 13,151 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the completion of the sale, the executive vice president owned 39,007 shares of the company’s stock, valued at $37,408,883.21. This trade represents a 25.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 32,001 shares of company stock worth $30,367,306. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of analyst reports. UBS Group reiterated a “neutral” rating and issued a $930.00 target price on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Bank of America decreased their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Morgan Stanley decreased their price target on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $922.71.

Read Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group News Summary

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

About The Goldman Sachs Group

(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.

See Also

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

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