Vanguard Personalized Indexing Management LLC Purchases 1,156 Shares of The Goldman Sachs Group, Inc. $GS

Vanguard Personalized Indexing Management LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,709 shares of the investment management company’s stock after purchasing an additional 1,156 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in The Goldman Sachs Group were worth $39,299,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Dagco Inc. bought a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $25,000. Manning & Napier Advisors LLC grew its position in The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Cornerstone Financial Management LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $33,000. Finally, Entrust Financial LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $34,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group News Roundup

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

The Goldman Sachs Group Trading Down 0.0%

GS opened at $1,062.44 on Monday. The business has a 50 day simple moving average of $957.30 and a two-hundred day simple moving average of $910.70. The firm has a market capitalization of $313.43 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.38 and a beta of 1.30. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a one year low of $609.59 and a one year high of $1,098.36.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $14.12 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 59.08 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GS. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Citigroup upped their price target on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Daiwa Securities Group raised their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday. Nine analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $941.82.

Get Our Latest Research Report on The Goldman Sachs Group

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. The trade was a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group 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.

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

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