Generali Investments Management Co LLC Invests $4.80 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Generali Investments Management Co LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 8,381 shares of the investment management company’s stock, valued at approximately $4,799,000. The Goldman Sachs Group accounts for 1.2% of Generali Investments Management Co LLC’s investment portfolio, making the stock its 16th largest holding.

Several other large investors also recently added to or reduced their stakes in GS. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $30,000. Truvestments Capital LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock worth $12,630,683 over the last quarter. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $594.27.

The Goldman Sachs Group Stock Up 0.1 %

Shares of The Goldman Sachs Group stock opened at $551.86 on Wednesday. The company has a market cap of $172.20 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company’s 50 day moving average is $611.58 and its 200 day moving average is $567.82. The Goldman Sachs Group, Inc. has a twelve month low of $383.71 and a twelve month high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’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 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.17%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

The Goldman Sachs Group Company 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.