Smartleaf Asset Management LLC Purchases 1,185 Shares of The Goldman Sachs Group, Inc. $GS

Smartleaf Asset Management LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 32.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,829 shares of the investment management company’s stock after buying an additional 1,185 shares during the period. Smartleaf Asset Management LLC’s holdings in The Goldman Sachs Group were worth $3,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $2,138,031,000. AGF Management Ltd. boosted its stake in The Goldman Sachs Group by 2,429.6% in the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after buying an additional 466,187 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in The Goldman Sachs Group by 100,678.6% in the second quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock valued at $286,017,000 after acquiring an additional 403,721 shares during the last quarter. Ameriprise Financial Inc. grew its position in The Goldman Sachs Group by 18.2% in the second quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock valued at $1,345,924,000 after acquiring an additional 291,280 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in The Goldman Sachs Group by 3.6% during the second quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock worth $4,628,507,000 after acquiring an additional 227,604 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GS. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a report on Friday, January 16th. Citigroup boosted their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Dbs Bank increased their price target on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. UBS Group reissued a “neutral” rating and set a $990.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday. Finally, BNP Paribas Exane upped their target price on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $916.86.

View Our Latest Stock Report on GS

The Goldman Sachs Group Trading Up 4.4%

NYSE GS opened at $929.47 on Friday. The business’s 50-day moving average price is $909.26 and its two-hundred day moving average price is $816.74. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. The firm has a market capitalization of $278.78 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the company earned $11.95 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 31.20%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 272 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total value of $255,386.24. Following the transaction, the chief executive officer owned 125,527 shares in the company, valued at $117,859,810.84. The trade was a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Viniar sold 45,000 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,513 shares of company stock valued at $83,718,401 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

About The Goldman Sachs Group

(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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