The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Raised by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 240.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,440 shares of the investment management company’s stock after buying an additional 94,972 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in The Goldman Sachs Group were worth $77,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GS. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $34,000. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GS. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. JMP Securities reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Evercore ISI reduced their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Finally, Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $604.19 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $185.39 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.89 and a beta of 1.32. The firm has a 50-day moving average of $536.62 and a two-hundred day moving average of $577.49.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the firm earned $11.58 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

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.