Mackenzie Financial Corp Acquires 128,925 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Mackenzie Financial Corp increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 94.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 265,361 shares of the investment management company's stock after purchasing an additional 128,925 shares during the period. Mackenzie Financial Corp owned approximately 0.09% of The Goldman Sachs Group worth $151,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Forum Financial Management LP raised its holdings in The Goldman Sachs Group by 18.0% in the 4th quarter. Forum Financial Management LP now owns 4,726 shares of the investment management company's stock valued at $2,706,000 after acquiring an additional 722 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $1,691,000. Westfuller Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $204,000. Kingstone Capital Partners Texas LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $2,685,000. Finally, Formidable Asset Management LLC raised its holdings in The Goldman Sachs Group by 19.2% in the 4th quarter. Formidable Asset Management LLC now owns 1,383 shares of the investment management company's stock valued at $792,000 after acquiring an additional 223 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Down 0.7%

Shares of NYSE GS traded down $4.04 during trading on Friday, reaching $597.82. The company had a trading volume of 543,579 shares, compared to its average volume of 2,371,869. The company's fifty day moving average price is $550.42 and its 200-day moving average price is $582.24. 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 $183.44 billion, a P/E ratio of 14.74, 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 released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the company posted $11.58 EPS. As a group, research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given 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 2.01%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Analyst Ratings Changes

Several equities analysts have weighed in on GS shares. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Daiwa Capital Markets cut 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. Finally, Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.