Advisory Services Network LLC Acquires 653 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Advisory Services Network LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,915 shares of the investment management company’s stock after acquiring an additional 653 shares during the quarter. Advisory Services Network LLC’s holdings in The Goldman Sachs Group were worth $3,440,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its position in shares of The Goldman Sachs Group by 187.9% in the third quarter. Los Angeles Capital Management LLC now owns 22,927 shares of the investment management company’s stock valued at $7,418,000 after purchasing an additional 14,964 shares during the last quarter. Crystal Rock Capital Management increased its position in The Goldman Sachs Group by 46.7% during the 3rd quarter. Crystal Rock Capital Management now owns 11,385 shares of the investment management company’s stock worth $3,684,000 after buying an additional 3,625 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of The Goldman Sachs Group by 7.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 417,939 shares of the investment management company’s stock worth $135,233,000 after buying an additional 27,395 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 72.6% in the third quarter. Cornerstone Wealth Management LLC now owns 1,165 shares of the investment management company’s stock valued at $377,000 after acquiring an additional 490 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake in shares of The Goldman Sachs Group by 2.8% in the third quarter. Great Valley Advisor Group Inc. now owns 2,634 shares of the investment management company’s stock valued at $853,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.7 %

Shares of NYSE:GS opened at $461.18 on Monday. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $471.48. The company has a market capitalization of $148.71 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.93 and a beta of 1.40. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The company has a fifty day moving average of $425.16 and a 200-day moving average of $391.14.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.79 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 36.57 EPS 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 given a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.39%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Daiwa Capital Markets upgraded 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 note on Thursday, March 14th. Edward Jones initiated coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Citigroup upped their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Bank of America raised their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $440.57.

Get Our Latest Stock Report on GS

Insiders Place Their Bets

In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, 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 SEC, which is available through the SEC website. Insiders own 0.57% of the company’s stock.

About The Goldman Sachs Group

(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.

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

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