The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,366 shares of the investment management company’s stock after buying an additional 364 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in The Goldman Sachs Group were worth $2,842,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GS. Atria Wealth Solutions Inc. boosted its holdings in The Goldman Sachs Group by 7.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,004 shares of the investment management company’s stock worth $4,631,000 after acquiring an additional 788 shares during the period. Magnolia Capital Advisors LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $257,000. Carret Asset Management LLC increased its position in The Goldman Sachs Group by 6.5% in the fourth quarter. Carret Asset Management LLC now owns 13,058 shares of the investment management company’s stock worth $5,037,000 after buying an additional 800 shares during the period. Wynn Capital LLC acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $2,283,000. Finally, Hartline Investment Corp bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $277,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GS. Evercore ISI raised their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Edward Jones started coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Barclays upped their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Trading Down 1.3 %

NYSE GS traded down $5.67 during trading hours on Thursday, hitting $417.37. The company’s stock had a trading volume of 874,899 shares, compared to its average volume of 2,372,518. The stock has a fifty day moving average of $398.72 and a 200 day moving average of $368.96. 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, Inc. has a twelve month low of $289.36 and a twelve month high of $425.35. The firm has a market capitalization of $135.45 billion, a P/E ratio of 16.30, a PEG ratio of 1.36 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $8.79 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.64%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insiders Place Their Bets

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.