1,001 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,001 shares of the investment management company's stock, valued at approximately $573,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after purchasing an additional 161,500 shares in the last quarter. Fisher Asset Management LLC lifted its position in The Goldman Sachs Group by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock valued at $3,524,669,000 after acquiring an additional 112,696 shares in the last quarter. FMR LLC raised its stake in The Goldman Sachs Group by 23.7% during the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after buying an additional 687,711 shares during the last quarter. Northern Trust Corp raised its stake in The Goldman Sachs Group by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock valued at $1,885,454,000 after buying an additional 428,502 shares during the last quarter. Finally, Invesco Ltd. raised its stake in The Goldman Sachs Group by 8.3% during the 4th quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company's stock valued at $1,723,920,000 after buying an additional 229,673 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. Barclays reduced their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Evercore ISI reduced their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Royal Bank of Canada reduced their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group increased their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $593.40.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $6.12 during midday trading on Tuesday, reaching $606.18. 1,599,856 shares of the stock traded hands, compared to its average volume of 2,385,958. The stock's fifty day moving average is $542.64 and its 200-day moving average is $580.48. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The stock has a market cap of $186.00 billion, a P/E ratio of 14.95, a PEG ratio of 0.89 and a beta of 1.32. 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 - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the prior year, the firm posted $11.58 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

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.