20,000 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Chescapmanager LLC

Chescapmanager LLC 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 disclosure with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the investment management company's stock, valued at approximately $11,452,000. The Goldman Sachs Group accounts for about 1.2% of Chescapmanager LLC's portfolio, making the stock its 20th largest position.

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

The Goldman Sachs Group Stock Up 0.2 %

Shares of NYSE:GS traded up $1.41 during midday trading on Friday, reaching $567.11. The company's stock had a trading volume of 1,522,482 shares, compared to its average volume of 2,373,270. 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 firm has a 50 day moving average of $535.92 and a 200-day moving average of $576.39. The firm has a market capitalization of $174.01 billion, a P/E ratio of 13.99, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

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 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 business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the firm earned $11.58 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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 paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.12%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Activity

In other news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. 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 research report on Tuesday, January 21st. Citigroup cut 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. JMP Securities decreased their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada cut their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $593.40.

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.