The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,472 shares of the investment management company's stock after buying an additional 6,664 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in The Goldman Sachs Group were worth $34,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC grew its position in shares of The Goldman Sachs Group by 3.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 2,587 shares of the investment management company's stock worth $1,481,000 after buying an additional 91 shares in the last quarter. Evanson Asset Management LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $204,000. Diversify Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $797,000. UMB Bank n.a. lifted its stake in The Goldman Sachs Group by 40.8% during the fourth quarter. UMB Bank n.a. now owns 6,666 shares of the investment management company's stock worth $3,817,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in The Goldman Sachs Group by 20.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 3,710 shares of the investment management company's stock valued at $2,124,000 after purchasing an additional 638 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was acquired 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. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on GS shares. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. JMP Securities dropped their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Stock Down 1.0%

GS stock opened at $606.18 on Wednesday. The company has a 50 day moving average price of $544.27 and a two-hundred day moving average price of $580.66. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $186.00 billion, a P/E ratio of 14.95, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data 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 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 quarter in the previous year, the business earned $11.58 earnings per share. As a group, sell-side analysts expect 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. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.

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