The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Wallace Capital Management Inc.

Wallace Capital Management Inc. increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 461 shares of the investment management company’s stock after purchasing an additional 55 shares during the period. Wallace Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $264,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Williams Jones Wealth Management LLC. grew its position in shares of The Goldman Sachs Group by 3.7% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 57,560 shares of the investment management company’s stock worth $32,960,000 after acquiring an additional 2,067 shares during the last quarter. Woodline Partners LP acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $10,795,000. Zurich Insurance Group Ltd FI grew its position in The Goldman Sachs Group by 41.9% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 125,387 shares of the investment management company’s stock worth $71,799,000 after purchasing an additional 37,052 shares during the last quarter. Victrix Investment Advisors acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $1,334,000. Finally, Visionary Wealth Advisors increased its stake in The Goldman Sachs Group by 17.7% in the fourth quarter. Visionary Wealth Advisors now owns 1,042 shares of the investment management company’s stock valued at $597,000 after purchasing an additional 157 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 1.1%

Shares of GS opened at $611.93 on Tuesday. The firm’s 50-day moving average is $542.64 and its two-hundred day moving average is $580.48. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. 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 firm has a market capitalization of $187.77 billion, a P/E ratio of 15.09, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the prior year, the firm posted $11.58 EPS. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GS shares. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Barclays lowered their target price on 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. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. JPMorgan Chase & Co. lowered their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Finally, JMP Securities dropped their price objective 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. Thirteen 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 currently has an average rating of “Hold” and a consensus price target 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.