The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Zullo Investment Group Inc.

Zullo Investment Group Inc. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,575 shares of the investment management company’s stock after purchasing an additional 29 shares during the period. Zullo Investment Group Inc.’s holdings in The Goldman Sachs Group were worth $1,475,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GS. Swedbank AB lifted its position in shares of The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after buying an additional 13,730 shares during the last quarter. Ledyard National Bank acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth $233,000. Foundations Investment Advisors LLC lifted its position in The Goldman Sachs Group by 2.2% in the third quarter. Foundations Investment Advisors LLC now owns 1,804 shares of the investment management company’s stock valued at $893,000 after acquiring an additional 38 shares during the last quarter. Eastern Bank boosted its stake in The Goldman Sachs Group by 14.9% in the third quarter. Eastern Bank now owns 1,464 shares of the investment management company’s stock valued at $725,000 after acquiring an additional 190 shares in the last quarter. Finally, Saxony Capital Management LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter worth about $236,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GS. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Oppenheimer lowered their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Barclays lifted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $593.56.

The Goldman Sachs Group Trading Down 0.6 %

Shares of GS stock opened at $668.02 on Thursday. The business’s fifty day moving average price is $609.75 and its 200 day moving average price is $555.95. The firm has a market capitalization of $207.39 billion, a PE ratio of 16.47, a P/E/G ratio of 0.92 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $380.85 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the company posted $5.48 EPS. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.80%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

About The Goldman Sachs Group

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.