BNP Paribas Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

BNP Paribas boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1,922.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,944 shares of the investment management company's stock after acquiring an additional 14,205 shares during the quarter. BNP Paribas' holdings in The Goldman Sachs Group were worth $8,557,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

GS has been the topic of several analyst reports. Citigroup cut their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. UBS Group increased their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Finally, Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Thirteen 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 stock presently has a consensus rating of "Hold" and a consensus target price of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded down $10.08 during midday trading on Tuesday, hitting $549.48. 2,899,985 shares of the company were exchanged, compared to its average volume of 2,376,262. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The firm has a market capitalization of $171.46 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The business has a fifty day simple moving average of $538.36 and a two-hundred day simple moving average of $575.48. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the business posted $11.58 EPS. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 dividend on an annualized basis and a yield of 2.18%. The Goldman Sachs Group's payout ratio is 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.