US Asset Management LLC Purchases Shares of 2,455 The Goldman Sachs Group, Inc. (NYSE:GS)

US Asset Management LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, HoldingsChannel reports. The fund acquired 2,455 shares of the investment management company’s stock, valued at approximately $947,000. The Goldman Sachs Group accounts for 0.9% of US Asset Management LLC’s holdings, making the stock its 28th biggest holding.

Several other large investors have also recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of The Goldman Sachs Group by 7.8% in the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after purchasing an additional 412,383 shares in the last quarter. Fisher Asset Management LLC lifted its position in The Goldman Sachs Group by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after acquiring an additional 152,474 shares during the last quarter. Northern Trust Corp grew its position in shares of The Goldman Sachs Group by 3.2% in the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after purchasing an additional 104,424 shares during the last quarter. Invesco Ltd. increased its position in The Goldman Sachs Group by 6.1% during the 3rd quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after buying an additional 159,512 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of The Goldman Sachs Group by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,960 shares of the investment management company’s stock valued at $727,933,000 after acquiring an additional 38,847 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.2 %

Shares of NYSE GS traded down $0.72 during trading on Friday, reaching $454.84. The company had a trading volume of 941,284 shares, compared to its average volume of 2,350,603. The stock has a market cap of $147.61 billion, a PE ratio of 17.80, a P/E/G ratio of 1.38 and a beta of 1.40. The business’s 50-day moving average is $409.14 and its 200 day moving average is $378.25. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $458.75. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the previous year, the firm posted $8.79 EPS. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.42%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold 29,330 shares of company stock valued at $11,713,578 over the last ninety days. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a report on Tuesday, April 16th. Oppenheimer increased their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. HSBC boosted their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $440.57.

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.