Virtus Fund Advisers LLC raised its stake in Goldman Sachs Group Inc (NYSE:GS) by 3,714.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,914 shares of the investment management company’s stock after acquiring an additional 14,523 shares during the quarter. Virtus Fund Advisers LLC’s holdings in Goldman Sachs Group were worth $3,799,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in GS. Gs Investments Inc. acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth approximately $111,000. Cerebellum GP LLC acquired a new position in shares of Goldman Sachs Group during the 4th quarter worth approximately $122,000. Westside Investment Management Inc. raised its stake in shares of Goldman Sachs Group by 450.0% during the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after buying an additional 450 shares during the period. Howe & Rusling Inc. acquired a new position in shares of Goldman Sachs Group during the 3rd quarter worth approximately $142,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Goldman Sachs Group by 1.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 888 shares of the investment management company’s stock worth $159,000 after buying an additional 13 shares during the period. 72.36% of the stock is owned by institutional investors.
Goldman Sachs Group Inc (NYSE:GS) opened at $261.43 on Friday. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $273.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $99,354.88, a price-to-earnings ratio of 30.36, a P/E/G ratio of 0.95 and a beta of 1.37.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is currently 34.84%.
Several brokerages have recently weighed in on GS. Vetr downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 target price for the company. in a research note on Wednesday, February 14th. Bank of America reaffirmed a “buy” rating and set a $300.00 target price (up from $249.30) on shares of Goldman Sachs Group in a research note on Monday, February 12th. Barclays reaffirmed an “equal weight” rating and set a $289.00 target price (down from $308.00) on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, BMO Capital Markets reduced their price objective on Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $257.06.
In other Goldman Sachs Group news, insider David M. Solomon sold 21,252 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $271.65, for a total value of $5,773,105.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 17,500 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $251.19, for a total value of $4,395,825.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,410 shares of company stock valued at $19,118,251. 2.57% of the stock is owned by company insiders.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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