Woodline Partners LP Invests $10.80 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Woodline Partners LP purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,852 shares of the investment management company's stock, valued at approximately $10,795,000.

Several other hedge funds also recently modified their holdings of GS. Stephens Consulting LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $30,000. Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 0.1%

NYSE GS traded up $0.76 on Monday, reaching $598.99. The company had a trading volume of 1,530,101 shares, compared to its average volume of 2,381,190. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The stock's 50 day moving average is $547.17 and its 200-day moving average is $581.74. 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 stock has a market cap of $183.80 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced 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 company had revenue of $15.06 billion during the quarter, compared to analysts' expectations 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 prior year, the business posted $11.58 EPS. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GS shares. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. JMP Securities cut 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 research report on Tuesday, April 8th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut 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. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Company 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.