Global Frontier Investments LLC Invests $14.32 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Global Frontier Investments LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the investment management company’s stock, valued at approximately $14,316,000. The Goldman Sachs Group accounts for 3.7% of Global Frontier Investments LLC’s investment portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $1,603,315,000. Raymond James Financial Inc. purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $624,844,000. Proficio Capital Partners LLC increased its stake in shares of The Goldman Sachs Group by 14,007.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after buying an additional 1,052,204 shares during the period. FMR LLC increased its stake in shares of The Goldman Sachs Group by 23.7% during the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock worth $2,053,614,000 after buying an additional 687,711 shares during the period. Finally, Northern Trust Corp increased its stake in shares of The Goldman Sachs Group by 15.0% during the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company’s stock worth $1,885,454,000 after buying an additional 428,502 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John B. Hess purchased 3,904 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The stock was 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 of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

GS stock opened at $544.95 on Monday. The company has a market capitalization of $170.05 billion, a P/E ratio of 13.44, a PEG ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a twelve month low of $425.19 and a twelve month high of $672.19. The business has a 50 day simple moving average of $548.95 and a 200-day simple moving average of $574.43. 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 (NYSE:GS) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the company earned $11.58 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent research reports. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research note on Monday, April 7th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Barclays cut their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. JMP Securities dropped their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada dropped their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $593.40.

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.