OPTIMAS CAPITAL Ltd Purchases Shares of 3,200 The Goldman Sachs Group, Inc. (NYSE:GS)

OPTIMAS CAPITAL Ltd purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,200 shares of the investment management company’s stock, valued at approximately $1,832,000. The Goldman Sachs Group comprises 2.5% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 18th biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC lifted its position in shares of The Goldman Sachs Group by 291.6% in the fourth quarter. Intech Investment Management LLC now owns 81,202 shares of the investment management company’s stock valued at $46,498,000 after acquiring an additional 60,464 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $15,099,000. Evoke Wealth LLC raised its position in The Goldman Sachs Group by 3.6% in the fourth quarter. Evoke Wealth LLC now owns 6,666 shares of the investment management company’s stock valued at $3,817,000 after purchasing an additional 230 shares during the period. Horizon Investments LLC grew its stake in shares of The Goldman Sachs Group by 1.4% in the fourth quarter. Horizon Investments LLC now owns 7,957 shares of the investment management company’s stock valued at $4,556,000 after buying an additional 113 shares in the last quarter. Finally, PDS Planning Inc grew its stake in shares of The Goldman Sachs Group by 1.6% in the fourth quarter. PDS Planning Inc now owns 1,423 shares of the investment management company’s stock valued at $815,000 after buying an additional 22 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Up 1.9 %

Shares of NYSE GS opened at $551.60 on Tuesday. The company’s fifty day moving average is $612.14 and its 200-day moving average is $567.52. The stock has a market cap of $172.12 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a twelve month low of $383.41 and a twelve month high of $672.19. 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 released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.48 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Analyst Ratings Changes

Several research analysts recently commented on the company. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $594.27.

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.