Eurizon Capital SGR S.p.A. Invests $72.14 Million in The Goldman Sachs Group, Inc. $GS

Eurizon Capital SGR S.p.A. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 81,997 shares of the investment management company’s stock, valued at approximately $72,143,000.

Several other institutional investors also recently modified their holdings of the stock. Acropolis Investment Management LLC grew its position in shares of The Goldman Sachs Group by 1.8% during the 4th quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock worth $554,000 after buying an additional 11 shares during the period. Walkner Condon Financial Advisors LLC grew its position in shares of The Goldman Sachs Group by 2.0% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock worth $505,000 after buying an additional 11 shares during the period. Optas LLC grew its position in shares of The Goldman Sachs Group by 0.4% during the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock worth $2,244,000 after buying an additional 11 shares during the period. Pines Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock valued at $2,255,000 after purchasing an additional 11 shares in the last quarter. Finally, Terra Nova Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 0.5% during the 4th quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company’s stock valued at $2,329,000 after purchasing an additional 12 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.6%

Shares of The Goldman Sachs Group stock opened at $1,024.02 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $592.17 and a 12-month high of $1,027.22. The stock has a market cap of $302.09 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.30 and a beta of 1.28. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The business’s 50 day moving average is $913.37 and its 200-day moving average is $892.11.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter in the prior year, the business posted $14.12 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GS. Morgan Stanley cut their price objective on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Rothschild & Co Redburn lifted their price objective on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Bank of America cut their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Dbs Bank lifted their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Finally, HSBC lifted their price objective on The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $943.95.

View Our Latest Report on GS

Insiders Place Their Bets

In related news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $929.17, for a total value of $9,571,380.17. Following the transaction, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,681 shares of company stock valued at $31,737,875 over the last 90 days. 0.55% of the stock is owned by insiders.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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