Oppenheimer & Co. Inc. Raises Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Oppenheimer & Co. Inc. grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,266 shares of the investment management company’s stock after purchasing an additional 838 shares during the period. The Goldman Sachs Group makes up about 0.6% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 23rd biggest holding. Oppenheimer & Co. Inc.’s holdings in The Goldman Sachs Group were worth $37,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB grew its position in The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after purchasing an additional 13,730 shares during the period. Hunter Associates Investment Management LLC acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth about $218,000. Traynor Capital Management Inc. grew its position in The Goldman Sachs Group by 92.3% during the 3rd quarter. Traynor Capital Management Inc. now owns 702 shares of the investment management company’s stock worth $347,000 after purchasing an additional 337 shares during the period. Strategic Blueprint LLC grew its position in shares of The Goldman Sachs Group by 4.3% during the 3rd quarter. Strategic Blueprint LLC now owns 2,732 shares of the investment management company’s stock valued at $1,353,000 after acquiring an additional 113 shares during the period. Finally, Fidelis Capital Partners LLC grew its position in shares of The Goldman Sachs Group by 0.6% during the 3rd quarter. Fidelis Capital Partners LLC now owns 4,476 shares of the investment management company’s stock valued at $2,315,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GS. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $690.00 to $660.00 in a research note on Thursday. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, UBS Group raised 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 research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.69.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the transaction, the director now directly owns 608,425 shares in the company, valued at $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 over the last ninety days. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $618.04 on Thursday. The company has a 50-day simple moving average of $614.54 and a 200-day simple moving average of $561.19. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $192.85 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the company earned $5.48 earnings per share. The business’s revenue was up 22.5% compared to the same quarter last year. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.94%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

The Goldman Sachs Group Company Profile

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.