Resona Asset Management Co. Ltd. Has $75.96 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Resona Asset Management Co. Ltd. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,233 shares of the investment management company’s stock after selling 6,712 shares during the period. Resona Asset Management Co. Ltd.’s holdings in The Goldman Sachs Group were worth $75,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its holdings in shares of The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. First PREMIER Bank bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $28,000. Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group during the 3rd quarter valued at $29,000. Finally, Clearstead Trust LLC bought a new position in The Goldman Sachs Group in the 2nd quarter valued at $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction on Friday, January 16th. The shares were sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the completion of the sale, the director owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. The trade was a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 68,186 shares of company stock valued at $65,820,670 over the last quarter. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $919.82 on Friday. The stock has a 50-day moving average price of $882.31 and a 200 day moving average price of $800.42. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The firm has a market cap of $275.88 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.15 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $11.95 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

Wall Street Analyst Weigh In

A number of research firms have commented on GS. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. HSBC set a $604.00 price target on The Goldman Sachs Group in a report on Wednesday, January 7th. Barclays increased their price objective on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Rothschild & Co Redburn raised their price objective on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Jefferies Financial Group boosted their target price on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $898.00.

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The Goldman Sachs Group Company 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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