Navalign LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Navalign LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,724 shares of the investment management company’s stock after acquiring an additional 137 shares during the period. Navalign LLC’s holdings in The Goldman Sachs Group were worth $1,051,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GS. Fairfield Bush & CO. purchased a new position in The Goldman Sachs Group during the first quarter worth about $66,000. Candriam Luxembourg S.C.A. lifted its position in The Goldman Sachs Group by 1,505.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after buying an additional 38,727 shares during the period. Baird Financial Group Inc. lifted its position in The Goldman Sachs Group by 18.5% during the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after buying an additional 18,540 shares during the period. Zions Bancorporation N.A. lifted its position in The Goldman Sachs Group by 79.4% during the first quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock worth $273,000 after buying an additional 366 shares during the period. Finally, Covestor Ltd lifted its position in The Goldman Sachs Group by 118.3% during the first quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after buying an additional 168 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at approximately $3,809,443.19. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock valued at $15,080,021 over the last three months. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. BMO Capital Markets increased their target price on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $390.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday. Finally, Oppenheimer lowered their target price on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $411.10.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $2.44 during mid-day trading on Thursday, hitting $417.69. 2,388,627 shares of the stock traded hands, compared to its average volume of 2,341,799. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $419.20. The firm has a market cap of $135.55 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.42. The company’s 50-day simple moving average is $388.58 and its 200-day simple moving average is $357.54. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $1.86. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $3.32 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 48.20%.

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.