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1,607 Shares in The Goldman Sachs Group, Inc. $GS Bought by Sun Financial Inc

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Key Points

  • Sun Financial Inc bought a new position in The Goldman Sachs Group (NYSE:GS) of 1,607 shares during the fourth quarter, valued at approximately $1.41 million.
  • Insiders sold 32,001 shares worth $30.37 million over the last quarter, including sales by Alex S. Golten (1,116 shares) and EVP John F.W. Rogers (2,704 shares), leaving corporate insiders with 0.55% ownership.
  • Goldman beat Q1 estimates with $17.55 EPS and $17.23 billion revenue, announced a quarterly dividend of $4.50 (annualized $18.00, yield 1.9%), and the stock has a MarketBeat consensus rating of "Hold" with an average price target of ~$922.71.
  • Interested in The Goldman Sachs Group? Here are five stocks we like better.

Sun Financial Inc bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,607 shares of the investment management company's stock, valued at approximately $1,412,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of The Goldman Sachs Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company's stock valued at $25,503,685,000 after acquiring an additional 418,820 shares during the period. Fisher Asset Management LLC increased its position in shares of The Goldman Sachs Group by 1.9% in the third quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company's stock valued at $5,304,824,000 after acquiring an additional 121,676 shares during the period. Invesco Ltd. increased its position in shares of The Goldman Sachs Group by 3.5% in the third quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company's stock valued at $2,319,905,000 after acquiring an additional 97,387 shares during the period. Legal & General Group Plc increased its position in shares of The Goldman Sachs Group by 1.4% in the third quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company's stock valued at $1,680,393,000 after acquiring an additional 28,642 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of The Goldman Sachs Group by 110.8% in the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company's stock valued at $1,417,997,000 after acquiring an additional 936,015 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 1,116 shares of the business's stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the sale, the insider owned 2,578 shares of the company's stock, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John F.W. Rogers sold 2,704 shares of the business's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $960.99, for a total transaction of $2,598,516.96. Following the sale, the executive vice president directly owned 9,428 shares in the company, valued at $9,060,213.72. The trade was a 22.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,001 shares of company stock valued at $30,367,306 over the last quarter. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Down 0.0%

Shares of GS opened at $923.32 on Monday. The firm's 50-day moving average price is $869.26 and its 200-day moving average price is $867.57. The firm has a market capitalization of $272.37 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.19 and a beta of 1.28. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.56. The Goldman Sachs Group, Inc. has a 1-year low of $547.06 and a 1-year high of $984.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating analysts' consensus estimates of $15.92 by $1.63. The firm had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The company's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $14.12 EPS. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group's payout ratio is presently 32.89%.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore decreased their price objective on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating on the stock in a research report on Monday, April 6th. Argus boosted their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a "buy" rating in a research report on Friday, January 16th. Autonomous Res decreased their price objective on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an "outperform" rating on the stock in a research report on Thursday, January 15th. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a "market perform" rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada restated a "neutral" rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $922.71.

View Our Latest Analysis on GS

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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