Yacktman Asset Management LP boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 164.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 369,600 shares of the investment management company’s stock after purchasing an additional 229,600 shares during the period. Goldman Sachs Group comprises 0.8% of Yacktman Asset Management LP’s investment portfolio, making the stock its 22nd biggest position. Yacktman Asset Management LP owned approximately 0.10% of Goldman Sachs Group worth $61,742,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of GS. Advisors Asset Management Inc. grew its holdings in Goldman Sachs Group by 1.5% in the second quarter. Advisors Asset Management Inc. now owns 14,452 shares of the investment management company’s stock valued at $3,188,000 after purchasing an additional 214 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Goldman Sachs Group by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 3,263,236 shares of the investment management company’s stock valued at $719,772,000 after purchasing an additional 175,540 shares during the last quarter. Lourd Capital LLC acquired a new stake in Goldman Sachs Group in the third quarter valued at $231,000. Berkshire Asset Management LLC PA acquired a new stake in Goldman Sachs Group in the third quarter valued at $220,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its holdings in Goldman Sachs Group by 4.0% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 52,650 shares of the investment management company’s stock valued at $11,806,000 after purchasing an additional 2,005 shares during the last quarter. 70.45% of the stock is owned by institutional investors and hedge funds.
In related news, VP Gregory K. Palm sold 16,451 shares of the stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.71% of the company’s stock.
Several research firms have weighed in on GS. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Morgan Stanley lowered Goldman Sachs Group to a “sell” rating in a report on Monday, February 4th. BMO Capital Markets reissued a “hold” rating on shares of Goldman Sachs Group in a report on Thursday. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $285.00 target price on shares of Goldman Sachs Group in a report on Tuesday, October 16th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $254.88.
Shares of NYSE:GS opened at $191.67 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 2.49. Goldman Sachs Group Inc has a 52-week low of $151.70 and a 52-week high of $275.31. The firm has a market capitalization of $71.30 billion, a PE ratio of 7.58, a P/E/G ratio of 1.11 and a beta of 1.22.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. The business had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.48 billion. During the same period in the prior year, the business earned $5.68 earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, equities analysts anticipate that Goldman Sachs Group Inc will post 23.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 28th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.20 annualized dividend and a yield of 1.67%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 12.66%.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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