Tenere Capital LLC Makes New $10.31 Million Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Tenere Capital LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,000 shares of the investment management company’s stock, valued at approximately $10,307,000. The Goldman Sachs Group accounts for 2.7% of Tenere Capital LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Beck Capital Management LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $3,418,000. MGO One Seven LLC grew its stake in The Goldman Sachs Group by 4.7% during the fourth quarter. MGO One Seven LLC now owns 7,618 shares of the investment management company’s stock worth $4,363,000 after buying an additional 342 shares during the last quarter. Pinebridge Investments L.P. grew its stake in The Goldman Sachs Group by 47.9% during the fourth quarter. Pinebridge Investments L.P. now owns 195,652 shares of the investment management company’s stock worth $112,034,000 after buying an additional 63,354 shares during the last quarter. Dark Forest Capital Management LP raised its stake in shares of The Goldman Sachs Group by 65.9% in the fourth quarter. Dark Forest Capital Management LP now owns 1,822 shares of the investment management company’s stock valued at $1,043,000 after acquiring an additional 724 shares during the last quarter. Finally, Quantessence Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $1,328,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 3.8 %

NYSE GS opened at $520.18 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $414.85 and a 52 week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s 50 day moving average price is $556.44 and its two-hundred day moving average price is $573.08. The stock has a market capitalization of $162.32 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the prior year, the business posted $11.58 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Wall Street Analyst Weigh In

A number of research firms have commented on GS. Daiwa Capital Markets lowered The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research note on Friday, April 4th. Barclays dropped their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Evercore ISI lowered their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Company 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.