Mn Services Vermogensbeheer B.V. Boosts Holdings in The Goldman Sachs Group, Inc. $GS

Mn Services Vermogensbeheer B.V. raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,249 shares of the investment management company’s stock after acquiring an additional 9,349 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in The Goldman Sachs Group were worth $61,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dagco Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $25,000. Harbor Capital Advisors Inc. bought a new position in The Goldman Sachs Group during the 3rd quarter valued at about $26,000. First PREMIER Bank purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth about $28,000. Corundum Trust Company INC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth about $29,000. Finally, Elevation Wealth Partners LLC lifted its stake in The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

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Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the sale, the treasurer directly owned 2,017 shares in the company, valued at $1,870,101.89. The trade was a 58.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 2,704 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $960.99, for a total transaction of $2,598,516.96. Following the completion of the sale, the executive vice president directly owned 9,428 shares of the company’s stock, valued at approximately $9,060,213.72. This trade represents a 22.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GS has been the subject of several recent analyst reports. Bank of America boosted their target price on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Daiwa Securities Group increased their price target on The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. HSBC raised their price target on The Goldman Sachs Group from $742.00 to $802.00 in a research note on Friday, February 6th. Barclays upped their price objective on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $815.00 to $826.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $919.29.

Check Out Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $808.02 on Tuesday. The company has a market capitalization of $238.36 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.97 and a beta of 1.34. The company’s 50-day simple moving average is $881.59 and its two-hundred day simple moving average is $849.44. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during 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 15.72%. The company’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.95 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 2nd were given a dividend of $4.50 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio is presently 35.09%.

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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