The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Lifted by Audent Global Asset Management LLC

Audent Global Asset Management LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 181.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,299 shares of the investment management company's stock after acquiring an additional 4,709 shares during the quarter. The Goldman Sachs Group makes up 2.7% of Audent Global Asset Management LLC's portfolio, making the stock its 14th biggest holding. Audent Global Asset Management LLC's holdings in The Goldman Sachs Group were worth $4,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GS. Siemens Fonds Invest GmbH raised its position in shares of The Goldman Sachs Group by 224.0% in the fourth quarter. Siemens Fonds Invest GmbH now owns 25,633 shares of the investment management company's stock valued at $14,678,000 after buying an additional 17,722 shares during the last quarter. BridgePort Financial Solutions LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $214,000. Park Square Financial Group LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $121,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $113,354,000. Finally, Brooklyn FI LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $844,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on GS shares. Wells Fargo & Company decreased their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. JMP Securities dropped their price objective 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. Finally, Barclays reduced their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $593.40.

Insider Buying and Selling

In related news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased 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 of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 0.8%

NYSE GS traded down $5.00 on Friday, reaching $599.86. The company had a trading volume of 2,128,896 shares, compared to its average volume of 2,378,096. The firm has a market capitalization of $184.06 billion, a PE ratio of 14.79, a P/E/G ratio of 0.89 and a beta of 1.32. The firm has a 50-day moving average of $550.42 and a 200-day moving average of $582.24. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

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 the consensus estimate 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 period in the prior year, the firm earned $11.58 earnings per share. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

About The Goldman Sachs Group

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.