Investment Management Corp of Ontario Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Investment Management Corp of Ontario raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,068 shares of the investment management company's stock after purchasing an additional 2,298 shares during the quarter. Investment Management Corp of Ontario's holdings in The Goldman Sachs Group were worth $7,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. grew its position in The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after acquiring an additional 16 shares during the period. Ledyard National Bank grew its holdings in shares of 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 worth $278,000 after purchasing an additional 16 shares during the period. Seelaus Asset Management LLC increased its position in shares of 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 worth $378,000 after purchasing an additional 16 shares during the last quarter. Pointe Capital Management LLC raised its holdings in The Goldman Sachs Group by 1.0% in 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 during the period. Finally, Genesee Capital Advisors LLC lifted its position in The Goldman Sachs Group by 1.0% in 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 buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GS. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. JMP Securities lowered their target price 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, JPMorgan Chase & Co. cut their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Trading Up 0.2 %

NYSE:GS opened at $567.11 on Friday. The company has a market capitalization of $174.01 billion, a PE ratio of 13.99, 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 stock's 50 day moving average price is $535.92 and its 200 day moving average price is $576.39. 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 EPS 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 firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm earned $11.58 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction that occurred 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 acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is owned by insiders.

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.

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