Cozad Asset Management Inc. Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Cozad Asset Management Inc. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 107.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,784 shares of the investment management company’s stock after purchasing an additional 8,674 shares during the period. The Goldman Sachs Group comprises approximately 0.9% of Cozad Asset Management Inc.’s holdings, making the stock its 29th largest holding. Cozad Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $9,611,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GS. Raymond James Financial Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $624,844,000. Proficio Capital Partners LLC grew its holdings in shares of The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after acquiring an additional 1,052,204 shares during the period. FMR LLC grew its holdings in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after acquiring an additional 521,054 shares during the period. Ieq Capital LLC grew its holdings in shares of The Goldman Sachs Group by 1,400.8% during the 4th quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock worth $239,982,000 after acquiring an additional 391,170 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of The Goldman Sachs Group by 154.7% in the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after buying an additional 251,972 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Kevin R. Johnson bought 2,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. The trade was a 44.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

NYSE GS opened at $542.31 on Monday. The business’s fifty day moving average price is $612.79 and its 200-day moving average price is $567.23. The stock has a market capitalization of $169.22 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.89 and a beta of 1.37. 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 Goldman Sachs Group, Inc. has a 1-year low of $383.41 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the firm earned $5.48 EPS. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Analysts Set New Price Targets

GS has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays upped their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $594.27.

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.