Fairman Group LLC Buys Shares of 322 The Goldman Sachs Group, Inc. (NYSE:GS)

Fairman Group LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 322 shares of the investment management company’s stock, valued at approximately $124,000.

A number of other hedge funds have also recently added to or reduced their stakes in GS. Norges Bank acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $1,120,119,000. Wellington Management Group LLP boosted its holdings in The Goldman Sachs Group by 27.0% during the fourth quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after purchasing an additional 464,954 shares during the last quarter. Morgan Stanley boosted its holdings in The Goldman Sachs Group by 7.8% during 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 during the last quarter. Capital World Investors boosted its holdings in The Goldman Sachs Group by 6.0% during the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after purchasing an additional 338,181 shares during the last quarter. Finally, Bank of Nova Scotia boosted its holdings in The Goldman Sachs Group by 231.1% during the fourth quarter. Bank of Nova Scotia now owns 427,640 shares of the investment management company’s stock worth $164,964,000 after purchasing an additional 298,479 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.7 %

GS stock traded up $3.33 during trading on Tuesday, hitting $453.51. 105,857 shares of the stock traded hands, compared to its average volume of 2,267,402. The firm’s 50 day moving average is $440.06 and its two-hundred day moving average is $404.42. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $146.24 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 0.90 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $471.48.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping 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 8.86%. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter last year, the business earned $8.79 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Analyst Ratings Changes

Several brokerages have commented on GS. Royal Bank of Canada lifted their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. JMP Securities boosted their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $440.57.

Read Our Latest Stock Report on The Goldman Sachs Group

Insider Activity

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Profile

(Free Report)

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.

See Also

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

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