The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,599 shares of the investment management company’s stock after buying an additional 215 shares during the quarter. Metis Global Partners LLC’s holdings in The Goldman Sachs Group were worth $7,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mizuho Securities USA LLC boosted its position in shares of The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after buying an additional 7,475,140 shares during the period. Fisher Asset Management LLC increased its holdings in shares of The Goldman Sachs Group by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock valued at $3,524,669,000 after buying an additional 112,696 shares in the last quarter. FMR LLC raised its stake in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after purchasing an additional 521,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in The Goldman Sachs Group by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after purchasing an additional 18,541 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after acquiring an additional 62,246 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last three months. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GS shares. Barclays boosted their price target 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. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $690.00 to $660.00 in a research report on Thursday. Finally, UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $622.11 on Friday. The firm has a market cap of $194.12 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 0.89 and a beta of 1.39. The company has a 50 day moving average of $616.74 and a 200-day moving average of $562.46. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19.

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

The Goldman Sachs Group Announces Dividend

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 paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.93%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

The Goldman Sachs Group Profile

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.