The Goldman Sachs Group, Inc. (NYSE:GS) Stake Boosted by Scotia Capital Inc.

Scotia Capital Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 29.8% in the fourth quarter, Holdings Channel reports. The fund owned 61,185 shares of the investment management company’s stock after acquiring an additional 14,059 shares during the period. Scotia Capital Inc.’s holdings in The Goldman Sachs Group were worth $35,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in GS. F M Investments LLC grew its position in The Goldman Sachs Group by 36.6% in the fourth quarter. F M Investments LLC now owns 5,526 shares of the investment management company’s stock valued at $3,164,000 after purchasing an additional 1,480 shares in the last quarter. Bessemer Group Inc. grew its position in The Goldman Sachs Group by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 24,451 shares of the investment management company’s stock valued at $14,002,000 after buying an additional 74 shares during the period. Texas Yale Capital Corp. boosted its position in shares of The Goldman Sachs Group by 0.6% in the fourth quarter. Texas Yale Capital Corp. now owns 25,461 shares of the investment management company’s stock valued at $14,579,000 after acquiring an additional 150 shares during the period. APG Asset Management N.V. lifted its holdings in shares of The Goldman Sachs Group by 701.8% in the 4th quarter. APG Asset Management N.V. now owns 307,599 shares of the investment management company’s stock worth $170,099,000 after acquiring an additional 269,235 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in The Goldman Sachs Group by 11.7% during the 4th quarter. Advisory Services Network LLC now owns 11,113 shares of the investment management company’s stock valued at $6,363,000 after purchasing an additional 1,165 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $517.94 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19. The company has a market cap of $161.62 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.89 and a beta of 1.33. The business’s 50 day moving average is $582.13 and its two-hundred day moving average is $572.44. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.48 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.32%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. The trade was a 44.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,925 shares of company stock worth $12,630,683. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group increased 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. JMP Securities dropped their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday. Finally, Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $586.00.

About The Goldman Sachs Group

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.