Triglav Skladi D.O.O. Makes New $26.60 Million Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Triglav Skladi D.O.O. bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 46,451 shares of the investment management company's stock, valued at approximately $26,600,000. The Goldman Sachs Group makes up about 2.1% of Triglav Skladi D.O.O.'s holdings, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of GS. Jackson Grant Investment Advisers Inc. increased its position in The Goldman Sachs Group by 10.9% during the 4th 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 in the last quarter. Ledyard National Bank increased its position in The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock valued at $278,000 after buying an additional 16 shares in the last quarter. Seelaus Asset Management LLC increased its position in The Goldman Sachs Group by 2.5% during the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after buying an additional 16 shares in the last quarter. Pointe Capital Management LLC increased its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after buying an additional 16 shares in the last quarter. Finally, Genesee Capital Advisors LLC increased its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock valued at $1,024,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insiders Place Their Bets

In other news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price 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 $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GS has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Finally, Evercore ISI cut their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. 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, the company presently has a consensus rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Stock Up 0.5%

Shares of GS opened at $618.91 on Monday. 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 company has a market capitalization of $189.91 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.89 and a beta of 1.32. The stock's 50-day moving average price is $541.11 and its 200-day moving average price is $579.83.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for 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 prior year, the business posted $11.58 earnings per share. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm 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 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 yield of 1.94%. The Goldman Sachs Group's dividend payout ratio is currently 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.

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