Public Employees Retirement System of Ohio Purchases 190,510 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Public Employees Retirement System of Ohio lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 135.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,406 shares of the investment management company's stock after acquiring an additional 190,510 shares during the quarter. The Goldman Sachs Group makes up approximately 0.7% of Public Employees Retirement System of Ohio's portfolio, making the stock its 19th largest position. Public Employees Retirement System of Ohio owned about 0.11% of The Goldman Sachs Group worth $189,770,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. lifted its position in The Goldman Sachs Group by 10.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock valued at $93,000 after buying an additional 16 shares during the period. Ledyard National Bank increased its holdings in shares of The Goldman Sachs Group by 3.4% during the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock valued at $278,000 after acquiring an additional 16 shares in the last quarter. Seelaus Asset Management LLC increased its holdings in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after acquiring an additional 16 shares in the last quarter. Pointe Capital Management LLC increased its holdings in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after acquiring an additional 16 shares in the last quarter. Finally, Genesee Capital Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock valued at $1,024,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

GS has been the subject of several analyst reports. JPMorgan Chase & Co. reduced 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. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the company an "equal weight" rating in a report on Monday, April 7th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, JMP Securities reduced their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Trading Up 0.8%

The Goldman Sachs Group stock opened at $598.07 on Friday. The business has a 50-day simple moving average of $546.23 and a two-hundred day simple moving average of $581.34. The company has a market cap of $183.51 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the previous year, the company posted $11.58 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $3.00 per share. 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%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the business'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 purchase, the director now owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.