Alyeska Investment Group L.P. Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Alyeska Investment Group L.P. purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 35,387 shares of the investment management company's stock, valued at approximately $20,263,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GS. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $30,000. Transce3nd LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Analysts Set New Price Targets

GS has been the topic of several analyst reports. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. UBS Group boosted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Citigroup reduced their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. JPMorgan Chase & Co. decreased their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $593.40.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS traded up $1.41 during mid-day trading on Friday, hitting $567.11. 1,521,477 shares of the company traded hands, compared to its average volume of 2,372,417. The business has a 50-day moving average of $536.18 and a 200 day moving average of $575.65. The stock has a market capitalization of $174.01 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the business earned $11.58 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.12%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

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.