Prospector Partners LLC Buys 289 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Prospector Partners LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,399 shares of the investment management company’s stock after purchasing an additional 289 shares during the period. Prospector Partners LLC’s holdings in The Goldman Sachs Group were worth $4,809,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Westwood Wealth Management purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $226,000. Aristides Capital LLC raised its holdings in The Goldman Sachs Group by 12.1% in the fourth quarter. Aristides Capital LLC now owns 2,690 shares of the investment management company’s stock worth $1,540,000 after purchasing an additional 290 shares in the last quarter. Sepio Capital LP lifted its position in The Goldman Sachs Group by 4.8% during the fourth quarter. Sepio Capital LP now owns 1,165 shares of the investment management company’s stock valued at $667,000 after buying an additional 53 shares during the period. Waterloo Capital L.P. purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $239,000. Finally, Ilmarinen Mutual Pension Insurance Co increased its stake in shares of The Goldman Sachs Group by 48.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 36,209 shares of the investment management company’s stock worth $20,734,000 after acquiring an additional 11,775 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut 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 report on Thursday. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. UBS Group boosted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, Morgan Stanley lowered their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $589.19.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $469.57 on Friday. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19. The business has a fifty day moving average of $597.54 and a 200 day moving average of $573.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $146.52 billion, a P/E ratio of 11.58, a PEG ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.48 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last three months. Corporate insiders own 0.55% of the company’s stock.

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.